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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $106 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $31,762 | $35,485-10.5% | $74,551-57.4% | $55,725-43.0% |
| Participation rate | 54.7% | 62.5%-7.8pp | 69.1%-14.4pp | 70.9%-16.1pp |
| Annual return | -5.91% | 0.72%-6.6pp | 32.53%-38.4pp | 244.93%-250.8pp |
| Employer contribution / active EE | $0 | $777-100.0% | $1,961-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $2,366 | $2,181+8.5% | $3,108-23.9% | $3,356-29.5% |
| Admin fee / account holder | $125 | $114+9.8% | $5,059-97.5% | $115+9.0% |