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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANC CO Service code 15 · EIN 01-0233346 | Recordkeeping | $3,682 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $80,748-100.0% | $102,383-100.0% | $74,429-100.0% |
| Participation rate | 0.0% | 65.7%-65.7pp | 74.5%-74.5pp | 67.2%-67.2pp |
| Annual return | 8.73% | 27.57%-18.8pp | 24.94%-16.2pp | 1368.38%-1359.7pp |
| Employer contribution / active EE | $972 | $3,159-69.2% | $3,870-74.9% | $2,625-63.0% |
| Participant deferral / active EE | $2,684 | $3,861-30.5% | $5,060-47.0% | $4,348-38.3% |
| Admin fee / account holder | $0 | $2,371-100.0% | $8,391-100.0% | $1,944-100.0% |