Filed June 27, 2022 (most recent of 2 filings on file)
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 10-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 INSURANCE CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $230 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,382 | $89,739-53.9% | $149,718-72.4% | $62,292-33.6% |
| Participation rate | 58.2% | 85.1%-26.9pp | 87.1%-28.9pp | 69.5%-11.3pp |
| Annual return | 23.25% | 21.01%+2.2pp | 1501.63%-1478.4pp | 28.90%-5.6pp |
| Employer contribution / active EE | $1,668 | $3,233-48.4% | $5,445-69.4% | $2,042-18.3% |
| Participant deferral / active EE | $4,767 | $4,797-0.6% | $6,569-27.4% | $3,169+50.4% |
| Admin fee / account holder | $210 | $551-62.0% | $11,283-98.1% | $479-56.3% |