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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $322 |
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 | $45,516 | $75,183-39.5% | $123,894-63.3% | $55,167-17.5% |
| Participation rate | 61.9% | 72.8%-11.0pp | 81.4%-19.5pp | 69.0%-7.1pp |
| Annual return | 14.15% | 19.01%-4.9pp | 47.52%-33.4pp | 169.23%-155.1pp |
| Employer contribution / active EE | $2,155 | $2,823-23.7% | $4,617-53.3% | $1,963+9.8% |
| Participant deferral / active EE | $4,011 | $5,084-21.1% | $5,984-33.0% | $3,054+31.3% |
| Admin fee / account holder | $18 | $663-97.3% | $8,357-99.8% | $504-96.4% |