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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES · BUFFALO, NY 142010600 | Recordkeeping | $300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,345 | $56,540-21.6% | $185,849-76.1% | $86,821-48.9% |
| Participation rate | 59.5% | 65.5%-6.0pp | 81.7%-22.2pp | 72.3%-12.8pp |
| Annual return | 14.61% | 118.20%-103.6pp | 122.10%-107.5pp | 97.94%-83.3pp |
| Employer contribution / active EE | $1,898 | $1,844+2.9% | $5,169-63.3% | $2,406-21.1% |
| Participant deferral / active EE | $3,454 | $2,555+35.2% | $5,569-38.0% | $4,132-16.4% |
| Admin fee / account holder | $263 | $150+76.0% | $16,244-98.4% | $170+55.3% |