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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $3,500 |
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).
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 | $70,912 | $52,149+36.0% | $122,354-42.0% | $77,958-9.0% |
| Participation rate | 20.0% | 58.6%-38.5pp | 71.6%-51.6pp | 71.6%-51.6pp |
| Annual return | 17.38% | 17.75%-0.4pp | 30.28%-12.9pp | 20.87%-3.5pp |
| Employer contribution / active EE | $713 | $1,750-59.2% | $4,051-82.4% | $2,310-69.1% |
| Participant deferral / active EE | $1,031 | $2,114-51.2% | $3,287-68.6% | $3,537-70.8% |
| Admin fee / account holder | $8 | $93-91.1% | $5,479-99.8% | $97-91.5% |