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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. USA Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES, ET9 · BUFFALO, NY 142010600 | Recordkeeping | $364 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $33,930 | $42,546-20.3% | $71,796-52.7% | $55,167-38.5% |
| Participation rate | 28.6% | 59.1%-30.5pp | 69.1%-40.5pp | 69.0%-40.4pp |
| Annual return | 3.96% | 12.36%-8.4pp | 78.04%-74.1pp | 169.23%-165.3pp |
| Employer contribution / active EE | $534 | $803-33.5% | $1,924-72.2% | $1,963-72.8% |
| Participant deferral / active EE | $1,078 | $2,064-47.8% | $2,794-61.4% | $3,054-64.7% |
| Admin fee / account holder | $20 | $650-96.9% | $4,815-99.6% | $504-96.0% |