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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $622 |
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 | $43,230 | $47,977-9.9% | $154,108-71.9% | $56,289-23.2% |
| Participation rate | 49.5% | 66.2%-16.7pp | 83.0%-33.6pp | 69.9%-20.4pp |
| Annual return | -7.29% | 3.54%-10.8pp | 735.21%-742.5pp | -9.96%+2.7pp |
| Employer contribution / active EE | $1,479 | $2,169-31.8% | $5,298-72.1% | $2,111-30.0% |
| Participant deferral / active EE | $3,446 | $2,392+44.1% | $5,081-32.2% | $3,350+2.9% |
| Admin fee / account holder | $65 | $438-85.3% | $13,411-99.5% | $521-87.6% |