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 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $1,972 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $25,478 | $35,485-28.2% | $74,551-65.8% | $55,725-54.3% |
| Participation rate | 51.2% | 62.5%-11.4pp | 69.1%-18.0pp | 70.9%-19.7pp |
| Annual return | -5.84% | 0.72%-6.6pp | 32.53%-38.4pp | 244.93%-250.8pp |
| Employer contribution / active EE | $1,093 | $777+40.6% | $1,961-44.3% | $2,078-47.4% |
| Participant deferral / active EE | $1,928 | $2,181-11.6% | $3,108-38.0% | $3,356-42.5% |
| Admin fee / account holder | $167 | $114+46.1% | $5,059-96.7% | $115+45.0% |