Filed May 15, 2023
Total covered: 14 employees
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. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $862 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,320 | $38,969-32.5% | $109,313-75.9% | $55,167-52.3% |
| Participation rate | 74.7% | 58.2%+16.4pp | 71.3%+3.4pp | 69.0%+5.7pp |
| Annual return | 6.42% | 8.26%-1.8pp | 22.07%-15.7pp | 169.23%-162.8pp |
| Employer contribution / active EE | $986 | $1,227-19.6% | $3,892-74.7% | $1,963-49.7% |
| Participant deferral / active EE | $2,547 | $2,176+17.1% | $3,166-19.6% | $3,054-16.6% |
| Admin fee / account holder | $15 | $501-97.0% | $5,666-99.7% | $504-97.0% |