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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,452 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,531 | $59,006-36.4% | $97,295-61.4% | $74,478-49.6% |
| Participation rate | 60.4% | 63.7%-3.3pp | 72.7%-12.3pp | 67.2%-6.9pp |
| Annual return | 12.17% | 16.04%-3.9pp | 75.62%-63.4pp | 1370.56%-1358.4pp |
| Employer contribution / active EE | $0 | $1,894-100.0% | $2,723-100.0% | $2,626-100.0% |
| Participant deferral / active EE | $3,054 | $3,671-16.8% | $4,264-28.4% | $4,350-29.8% |
| Admin fee / account holder | $9 | $1,974-99.5% | $5,646-99.8% | $1,946-99.5% |