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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $3,028 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $34,835 | $50,860-31.5% | $155,574-77.6% | $77,714-55.2% |
| Participation rate | 68.2% | 63.1%+5.0pp | 78.2%-10.0pp | 70.6%-2.4pp |
| Annual return | 23.36% | 34.86%-11.5pp | 64.87%-41.5pp | 31.26%-7.9pp |
| Employer contribution / active EE | $1,297 | $1,991-34.9% | $4,676-72.3% | $2,727-52.4% |
| Participant deferral / active EE | $3,691 | $2,825+30.7% | $5,629-34.4% | $4,649-20.6% |
| Admin fee / account holder | $23 | $436-94.7% | $15,914-99.9% | $433-94.7% |