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 | $1,777 |
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 | $31,073 | $44,221-29.7% | $121,196-74.4% | $56,287-44.8% |
| Participation rate | 77.5% | 61.1%+16.4pp | 71.7%+5.7pp | 69.9%+7.6pp |
| Annual return | -6.21% | -3.58%-2.6pp | 16.93%-23.1pp | -9.96%+3.7pp |
| Employer contribution / active EE | $1,157 | $1,480-21.8% | $4,022-71.2% | $2,111-45.2% |
| Participant deferral / active EE | $3,144 | $2,521+24.7% | $3,344-6.0% | $3,350-6.1% |
| Admin fee / account holder | $37 | $480-92.4% | $5,019-99.3% | $521-93.0% |