Filed February 27, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK LIFE INSUR CO. (USA) Service code 15 · EIN 01-0233346 | Recordkeeping | $6,754 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,060 | $129,095-70.5% | $184,200-79.3% | $77,671-51.0% |
| Participation rate | 99.8% | 87.3%+12.5pp | 86.8%+13.0pp | 70.6%+29.2pp |
| Annual return | 14.91% | 33.29%-18.4pp | 28.80%-13.9pp | 31.21%-16.3pp |
| Employer contribution / active EE | $2,246 | $4,410-49.1% | $6,424-65.0% | $2,726-17.6% |
| Participant deferral / active EE | $3,380 | $7,300-53.7% | $9,132-63.0% | $4,648-27.3% |
| Admin fee / account holder | $378 | $256+47.9% | $13,907-97.3% | $430-12.1% |