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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,218 |
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 | $20,599 | $79,519-74.1% | $95,960-78.5% | $73,412-71.9% |
| Participation rate | 30.1% | 81.2%-51.1pp | 77.1%-47.0pp | 72.2%-42.1pp |
| Annual return | 14.95% | 19.20%-4.2pp | 91.63%-76.7pp | 59.30%-44.3pp |
| Employer contribution / active EE | $0 | $2,048-100.0% | $2,541-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $628 | $4,138-84.8% | $4,167-84.9% | $3,806-83.5% |
| Admin fee / account holder | $93 | $184-49.7% | $6,797-98.6% | $158-41.2% |