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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $848 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,801 | $72,770-82.4% | $67,652-81.1% | $55,191-76.8% |
| Participation rate | 36.1% | 78.8%-42.7pp | 75.7%-39.6pp | 69.2%-33.1pp |
| Annual return | -0.84% | -3.26%+2.4pp | 6625.40%-6626.2pp | 10.78%-11.6pp |
| Employer contribution / active EE | $0 | $1,769-100.0% | $2,266-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $664 | $3,408-80.5% | $3,560-81.3% | $3,046-78.2% |
| Admin fee / account holder | $93 | $79+17.8% | $4,821-98.1% | $91+2.3% |