Filed June 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES, INC. ET9 · BUFFALO, NY 142010600 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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 | $6,569 | $41,854-84.3% | $73,836-91.1% | $52,331-87.4% |
| Participation rate | 59.4% | 66.2%-6.9pp | 73.4%-14.1pp | 68.1%-8.7pp |
| Annual return | -0.80% | 2.11%-2.9pp | 2268.06%-2268.9pp | 4.54%-5.3pp |
| Employer contribution / active EE | $581 | $1,920-69.8% | $2,787-79.2% | $1,882-69.1% |
| Participant deferral / active EE | $627 | $2,498-74.9% | $3,583-82.5% | $3,022-79.3% |
| Admin fee / account holder | $73 | $493-85.2% | $4,882-98.5% | $592-87.7% |