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 | $1,862 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $33,304 | $45,324-26.5% | $122,332-72.8% | $69,631-52.2% |
| Participation rate | 67.0% | 59.9%+7.1pp | 71.6%-4.6pp | 70.7%-3.6pp |
| Annual return | 16.40% | 25.35%-9.0pp | 30.27%-13.9pp | 27571.02%-27554.6pp |
| Employer contribution / active EE | $938 | $1,230-23.7% | $4,050-76.8% | $2,032-53.8% |
| Participant deferral / active EE | $2,345 | $2,367-0.9% | $3,287-28.7% | $3,224-27.3% |
| Admin fee / account holder | $22 | $87-75.0% | $5,478-99.6% | $110-80.3% |