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 | $2,941 |
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 | $38,306 | $46,722-18.0% | $130,648-70.7% | $65,185-41.2% |
| Participation rate | 74.9% | 60.9%+14.0pp | 71.7%+3.1pp | 70.2%+4.7pp |
| Annual return | 20.63% | 24.17%-3.5pp | 1708.96%-1688.3pp | 29.38%-8.8pp |
| Employer contribution / active EE | $1,263 | $1,488-15.1% | $4,092-69.1% | $2,177-42.0% |
| Participant deferral / active EE | $3,344 | $2,545+31.4% | $3,603-7.2% | $3,514-4.8% |
| Admin fee / account holder | $261 | $453-42.4% | $5,464-95.2% | $847-69.2% |