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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS COMPANY OF NY Service code 15 · EIN 13-3646501 | Recordkeeping | $106 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,670 | $54,729-82.3% | $86,235-88.8% | $71,529-86.5% |
| Participation rate | 78.5% | 60.1%+18.4pp | 69.0%+9.6pp | 67.9%+10.6pp |
| Annual return | 16.35% | 20.07%-3.7pp | 1170.03%-1153.7pp | 28.97%-12.6pp |
| Employer contribution / active EE | $350 | $1,267-72.4% | $2,381-85.3% | $2,590-86.5% |
| Participant deferral / active EE | $484 | $3,110-84.4% | $3,987-87.9% | $4,291-88.7% |
| Admin fee / account holder | $61 | $1,921-96.8% | $6,856-99.1% | $1,588-96.2% |