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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 PO BOX 50 · BUFFALO, NY 14201 | Recordkeeping | $41,110 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $22,434 | $95,542-76.5% | $69,464-67.7% | $67,579-66.8% |
| Participation rate | 59.6% | 79.4%-19.8pp | 74.6%-15.0pp | 71.3%-11.7pp |
| Annual return | 18.39% | 17.67%+0.7pp | 28.98%-10.6pp | 378.56%-360.2pp |
| Employer contribution / active EE | $1,018 | $2,989-65.9% | $2,779-63.4% | $2,148-52.6% |
| Participant deferral / active EE | $756 | $3,263-76.8% | $3,536-78.6% | $3,539-78.6% |
| Admin fee / account holder | $190 | $90+111.4% | $3,840-95.1% | $142+33.4% |