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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSUARNCE CO. Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $461 |
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.
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 | $16,110 | $43,730-63.2% | $121,220-86.7% | $64,173-74.9% |
| Participation rate | 57.9% | 58.3%-0.4pp | 71.8%-13.9pp | 69.6%-11.7pp |
| Annual return | -3.69% | 68.94%-72.6pp | 16.94%-20.6pp | 7.63%-11.3pp |
| Employer contribution / active EE | $578 | $1,297-55.4% | $4,023-85.6% | $2,381-75.7% |
| Participant deferral / active EE | $684 | $2,281-70.0% | $3,345-79.5% | $3,470-80.3% |
| Admin fee / account holder | $254 | $3,502-92.7% | $5,021-94.9% | $4,887-94.8% |