Filed January 6, 2025 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $930 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,445 | $39,245-50.5% | $64,105-69.7% | $52,331-62.8% |
| Participation rate | 53.2% | 58.2%-5.0pp | 68.2%-14.9pp | 68.1%-14.9pp |
| Annual return | -0.45% | 14.79%-15.2pp | 791.24%-791.7pp | 4.54%-5.0pp |
| Employer contribution / active EE | $998 | $736+35.6% | $1,820-45.2% | $1,882-47.0% |
| Participant deferral / active EE | $1,741 | $1,992-12.6% | $2,822-38.3% | $3,022-42.4% |
| Admin fee / account holder | $133 | $592-77.5% | $4,499-97.0% | $592-77.4% |