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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $4,477 |
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 | $77,009 | $53,911+42.8% | $130,660-41.1% | $77,775-1.0% |
| Participation rate | 20.0% | 60.2%-40.2pp | 71.7%-51.7pp | 73.2%-53.2pp |
| Annual return | 22.58% | 21.93%+0.6pp | 1709.29%-1686.7pp | 32.58%-10.0pp |
| Employer contribution / active EE | $827 | $1,826-54.7% | $4,092-79.8% | $2,504-67.0% |
| Participant deferral / active EE | $1,041 | $2,288-54.5% | $3,603-71.1% | $3,966-73.8% |
| Admin fee / account holder | $11 | $129-91.7% | $5,463-99.8% | $100-89.4% |