Filed June 27, 2022 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| 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).
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 | $41,382 | $89,739-53.9% | $149,721-72.4% | $62,293-33.6% |
| Participation rate | 58.2% | 85.1%-26.9pp | 87.1%-28.9pp | 69.5%-11.3pp |
| Annual return | 23.25% | 21.01%+2.2pp | 1501.67%-1478.4pp | 28.90%-5.6pp |
| Employer contribution / active EE | $1,668 | $3,233-48.4% | $5,444-69.4% | $2,042-18.3% |
| Participant deferral / active EE | $4,767 | $4,797-0.6% | $6,568-27.4% | $3,169+50.4% |
| Admin fee / account holder | $210 | $551-62.0% | $11,282-98.1% | $479-56.3% |