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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,100 |
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 | $18,072 | $65,118-72.2% | $76,768-76.5% | $55,725-67.6% |
| Participation rate | 25.6% | 79.6%-54.0pp | 77.0%-51.4pp | 70.9%-45.3pp |
| Annual return | -1.78% | -1.27%-0.5pp | 2.43%-4.2pp | 244.93%-246.7pp |
| Employer contribution / active EE | $0 | $1,941-100.0% | $2,485-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $594 | $3,688-83.9% | $3,852-84.6% | $3,356-82.3% |
| Admin fee / account holder | $108 | $116-6.6% | $6,675-98.4% | $115-6.1% |