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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIC OF NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $598 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $18,026 | $110,083-83.6% | $151,628-88.1% | $68,495-73.7% |
| Participation rate | 67.1% | 84.0%-16.8pp | 87.5%-20.4pp | 67.9%-0.8pp |
| Annual return | -14.52% | -10.12%-4.4pp | 3.34%-17.9pp | -7.84%-6.7pp |
| Employer contribution / active EE | $0 | $4,470-100.0% | $6,165-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $6,059 | $6,526-7.2% | $8,363-27.5% | $4,028+50.4% |
| Admin fee / account holder | $12 | $7,718-99.8% | $11,613-99.9% | $5,403-99.8% |