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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,398 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $25,337 | $89,123-71.6% | $102,460-75.3% | $77,762-67.4% |
| Participation rate | 26.4% | 80.9%-54.5pp | 76.5%-50.1pp | 70.6%-44.2pp |
| Annual return | 12.08% | 25.05%-13.0pp | 29.47%-17.4pp | 31.27%-19.2pp |
| Employer contribution / active EE | $0 | $2,700-100.0% | $3,025-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $887 | $5,148-82.8% | $5,056-82.5% | $4,651-80.9% |
| Admin fee / account holder | $91 | $236-61.6% | $9,460-99.0% | $433-79.1% |