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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $525 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
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 | $7,807 | $44,221-82.3% | $121,220-93.6% | $56,287-86.1% |
| Participation rate | 37.9% | 61.1%-23.1pp | 71.8%-33.8pp | 69.9%-31.9pp |
| Annual return | -8.85% | -3.58%-5.3pp | 16.94%-25.8pp | -9.96%+1.1pp |
| Employer contribution / active EE | $412 | $1,480-72.2% | $4,023-89.8% | $2,111-80.5% |
| Participant deferral / active EE | $1,041 | $2,521-58.7% | $3,345-68.9% | $3,350-68.9% |
| Admin fee / account holder | $115 | $480-76.0% | $5,021-97.7% | $521-77.8% |