Filed February 13, 2024
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 4-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $5,789 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,462 | $46,292+17.6% | $143,757-62.1% | $64,808-16.0% |
| Participation rate | 52.8% | 64.2%-11.4pp | 80.3%-27.5pp | 71.5%-18.7pp |
| Annual return | -3.76% | -10.05%+6.3pp | -0.04%-3.7pp | 32.82%-36.6pp |
| Employer contribution / active EE | $1,542 | $1,910-19.3% | $4,951-68.9% | $2,506-38.5% |
| Participant deferral / active EE | $2,529 | $2,646-4.4% | $5,637-55.1% | $4,310-41.3% |
| Admin fee / account holder | $268 | $154+74.3% | $14,673-98.2% | $188+42.7% |