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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,014 |
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 | $15,747 | $63,905-75.4% | $74,184-78.8% | $57,658-72.7% |
| Participation rate | 30.0% | 79.8%-49.8pp | 76.6%-46.6pp | 70.2%-40.3pp |
| Annual return | 15.17% | 60.60%-45.4pp | 17.74%-2.6pp | 5.13%+10.0pp |
| Employer contribution / active EE | $0 | $1,840-100.0% | $2,370-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $613 | $3,448-82.2% | $3,550-82.7% | $3,061-80.0% |
| Admin fee / account holder | $91 | $91+0.2% | $5,586-98.4% | $95-3.5% |