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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $140 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $34,272 | $75,183-54.4% | $123,894-72.3% | $55,167-37.9% |
| Participation rate | 50.9% | 72.8%-21.9pp | 81.4%-30.5pp | 69.0%-18.1pp |
| Annual return | 6.74% | 19.01%-12.3pp | 47.52%-40.8pp | 169.23%-162.5pp |
| Employer contribution / active EE | $326 | $2,823-88.4% | $4,617-92.9% | $1,963-83.4% |
| Participant deferral / active EE | $2,828 | $5,084-44.4% | $5,984-52.7% | $3,054-7.4% |
| Admin fee / account holder | $102 | $663-84.7% | $8,357-98.8% | $504-79.8% |