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 | $325 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,617 | $92,971-63.8% | $96,683-65.2% | $74,419-54.8% |
| Participation rate | 24.3% | 71.5%-47.2pp | 74.3%-50.0pp | 70.7%-46.4pp |
| Annual return | 20.49% | 37.49%-17.0pp | 35.69%-15.2pp | 34.38%-13.9pp |
| Employer contribution / active EE | $235 | $3,426-93.1% | $3,737-93.7% | $2,637-91.1% |
| Participant deferral / active EE | $1,803 | $3,970-54.6% | $4,878-63.0% | $4,528-60.2% |
| Admin fee / account holder | $265 | $633-58.1% | $6,730-96.1% | $348-23.7% |