Filed May 15, 2023
Total covered: 14 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $2,993 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,856 | $53,901-40.9% | $134,162-76.3% | $73,497-56.7% |
| Participation rate | 82.2% | 62.8%+19.4pp | 72.2%+10.0pp | 70.7%+11.5pp |
| Annual return | 7.51% | 15.82%-8.3pp | 36.35%-28.8pp | 28.51%-21.0pp |
| Employer contribution / active EE | $1,421 | $1,458-2.6% | $3,705-61.7% | $2,270-37.4% |
| Participant deferral / active EE | $3,831 | $2,739+39.9% | $3,500+9.5% | $3,740+2.4% |
| Admin fee / account holder | $206 | $581-64.5% | $6,685-96.9% | $513-59.8% |