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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $228 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $7,307 | $74,024-90.1% | $78,002-90.6% | $57,658-87.3% |
| Participation rate | 70.1% | 79.7%-9.6pp | 75.5%-5.4pp | 70.2%-0.1pp |
| Annual return | 12.00% | 12.14%-0.1pp | 425.99%-414.0pp | 5.13%+6.9pp |
| Employer contribution / active EE | $868 | $2,365-63.3% | $2,470-64.9% | $1,974-56.0% |
| Participant deferral / active EE | $1,804 | $3,533-48.9% | $3,497-48.4% | $3,061-41.1% |
| Admin fee / account holder | $8 | $93-91.3% | $5,481-99.9% | $95-91.4% |