Filed January 12, 2021
Total covered: 85 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $257,968 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $126,690 | $95,918+32.1% | $151,611-16.4% | $77,904+62.6% |
| Participation rate | 67.1% | 88.7%-21.6pp | 87.5%-20.4pp | 73.7%-6.6pp |
| Annual return | -17.55% | -5.50%-12.0pp | 3.33%-20.9pp | 12.21%-29.8pp |
| Employer contribution / active EE | $3,910 | $4,330-9.7% | $6,166-36.6% | $2,848+37.3% |
| Participant deferral / active EE | $5,938 | $7,508-20.9% | $8,363-29.0% | $4,806+23.6% |
| Admin fee / account holder | $105 | $93+12.2% | $11,616-99.1% | $133-21.1% |