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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $12,776 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $22,079 | $47,922-53.9% | $75,901-70.9% | $65,185-66.1% |
| Participation rate | 85.3% | 63.0%+22.4pp | 69.3%+16.1pp | 70.2%+15.1pp |
| Annual return | 19.76% | 24.12%-4.4pp | 30.76%-11.0pp | 29.38%-9.6pp |
| Employer contribution / active EE | $0 | $1,557-100.0% | $2,501-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $2,509 | $2,550-1.6% | $3,603-30.4% | $3,514-28.6% |
| Admin fee / account holder | $158 | $532-70.3% | $5,420-97.1% | $847-81.4% |