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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $24 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $31,170 | $37,134-16.1% | $100,671-69.0% | $52,331-40.4% |
| Participation rate | 22.8% | 57.7%-34.9pp | 70.7%-47.9pp | 68.1%-45.3pp |
| Annual return | -1.24% | 0.10%-1.3pp | 20.43%-21.7pp | 4.54%-5.8pp |
| Employer contribution / active EE | $0 | $1,187-100.0% | $4,012-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,196 | $2,163-44.7% | $3,144-62.0% | $3,022-60.4% |
| Admin fee / account holder | $123 | $467-73.7% | $4,850-97.5% | $592-79.2% |