Filed September 17, 2024
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,050 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,076 | $95,880-50.9% | $107,525-56.2% | $85,563-45.0% |
| Participation rate | 23.1% | 70.1%-47.0pp | 75.1%-52.0pp | 66.0%-42.9pp |
| Annual return | 18.00% | 68.06%-50.1pp | 181.32%-163.3pp | 31.51%-13.5pp |
| Employer contribution / active EE | $713 | $3,812-81.3% | $3,754-81.0% | $2,654-73.1% |
| Participant deferral / active EE | $2,139 | $4,201-49.1% | $5,116-58.2% | $4,375-51.1% |
| Admin fee / account holder | $303 | $1,025-70.4% | $8,919-96.6% | $834-63.6% |