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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $2,150 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $62,449 | $43,453+43.7% | $109,313-42.9% | $63,975-2.4% |
| Participation rate | 20.7% | 59.3%-38.6pp | 71.3%-50.6pp | 71.1%-50.4pp |
| Annual return | 12.83% | 9.85%+3.0pp | 22.07%-9.2pp | 48.65%-35.8pp |
| Employer contribution / active EE | $737 | $1,799-59.1% | $3,892-81.1% | $2,182-66.2% |
| Participant deferral / active EE | $978 | $2,093-53.3% | $3,166-69.1% | $3,356-70.9% |
| Admin fee / account holder | $5 | $79-93.3% | $5,666-99.9% | $70-92.5% |