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 | $75 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,860 | $77,660-56.4% | $109,143-69.0% | $79,386-57.3% |
| Participation rate | 35.0% | 67.8%-32.8pp | 75.9%-40.9pp | 70.7%-35.8pp |
| Annual return | 22.18% | 23.44%-1.3pp | 25.75%-3.6pp | 116.85%-94.7pp |
| Employer contribution / active EE | $0 | $2,797-100.0% | $3,722-100.0% | $2,427-100.0% |
| Participant deferral / active EE | $2,444 | $3,518-30.5% | $4,653-47.5% | $4,046-39.6% |
| Admin fee / account holder | $0 | $732-100.0% | $6,752-100.0% | $626-100.0% |