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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO (USA Service code 15 · EIN 01-0233346 | Recordkeeping | $2,230 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,677 | $60,454-84.0% | $81,844-88.2% | $74,459-87.0% |
| Participation rate | 98.3% | 63.0%+35.4pp | 72.4%+26.0pp | 67.2%+31.1pp |
| Annual return | 18.02% | 16.87%+1.2pp | 778.87%-760.8pp | 1369.70%-1351.7pp |
| Employer contribution / active EE | $1,773 | $2,630-32.6% | $2,916-39.2% | $2,626-32.5% |
| Participant deferral / active EE | $482 | $3,398-85.8% | $4,323-88.8% | $4,350-88.9% |
| Admin fee / account holder | $28 | $1,490-98.1% | $7,355-99.6% | $1,945-98.6% |