Massachusetts › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
John Hancock Savings and Investment Plan
Sponsored by John Hancock Life Insurance Company U.S.A, Boston, MA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, John Hancock Savings and Investment Plan covered 688 participants and held $116M in net assets. The plan is a 401(k) plan sponsored by John Hancock Life Insurance Company U.S.A of Boston, Massachusetts. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $168,961 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $184M in 2010 to $116M in 2024 (down 37%), and participants from 3,333 to 688 (down 79%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $168,961 | $46,267 | $92,294 | $53,102 |
| Employer contributions per active participant | — | $1,934 | $3,564 | $2,175 |
| Schedule C compensation per participant | — | $113 | $137 | $123 |
| Schedule C compensation, share of net assets | — | 0.25% | 0.17% | 0.26% |
| Administrative expenses per participant | — | $109 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 688 | $116M | $168,961 | — | — | $0 |
| 2023 | 743 | $112M | $150,210 | — | — | $0 |
| 2022 | 806 | $105M | $130,184 | — | — | $0 |
| 2021 | 856 | $134M | $156,768 | — | — | $0 |
| 2020 | 942 | $136M | $144,230 | — | — | $0 |
| 2019 | 1,013 | $128M | $126,625 | — | — | $0 |
| 2017 | 1,254 | $142M | $113,455 | — | — | $0 |
| 2016 | 1,348 | $139M | $102,947 | — | — | $0 |
| 2015 | 1,257 | $149M | $118,920 | $93K | $220K | $0 |
| 2014 | 2,453 | $209M | $85,215 | $1.6M | $5.7M | $0 |
| 2013 | 2,675 | $210M | $78,410 | $1.8M | $5.3M | $0 |
| 2012 | 3,034 | $183M | $60,472 | $2.0M | $6.1M | $0 |
| 2011 | 3,200 | $176M | $55,044 | $2.3M | $7.4M | $0 |
| 2010 | 3,333 | $184M | $55,332 | $2.4M | $8.7M | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$111,605,801
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$17,675,692
- Benefits paid$13,067,703
- Administrative expenses$0
- Total expenses$13,036,364
- Net income$4,639,328
- Net transfers$0
- Net assets, end of year$116,245,129
Participants
- Active participants33
- Retired or separated, receiving benefits27
- Retired or separated, entitled to future benefits498
- Participants with account balances688
- Total participants, end of year688
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$116M · 100.0%
- Participant loans$1 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmErnst & Young LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $200,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account3BPlan covering self-employed individuals
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 524140: Direct Life, Health, & Medical Insurance Carriers.
Other plans of John Hancock Life Insurance Company U.S.A
| Plan | Participants | Net assets |
|---|---|---|
| The Investment-Incentive Plan for John Hancock Employees | 9,436 | $2.41B |
Similar plans in Massachusetts
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Sbera 401(k) Plan As Adopted by Middlesex Savings Bank | Middlesex Savings Bank | 692 | $113M | $163,024 |
| Arrowstreet Capital L.P. 401(k) Plan | Arrowstreet Capital L.P. | 676 | $165M | $243,581 |
| Bay Coast Bank 401(k) Plan | Bay Coast Bank | 694 | $78.3M | $112,812 |
| Cambridge Savings Bank Employee Welfare Savings Plan | Cambridge Savings Bank | 675 | $117M | $173,684 |
| Amundi US, Inc. Retirement Benefit Plan | Amundi US, Inc. | 715 | $130M | $181,637 |
| Gordon Brothers Profit-Sharing Plan | Gordon Brothers Group, LLC | 672 | $121M | $180,446 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is John Hancock Savings and Investment Plan?
688 participants at the end of the plan year ending 31 Dec 2024, of whom 33 were active employees, with net assets of $116,245,129. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does John Hancock Life Insurance Company U.S.A contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is John Hancock Life Insurance Company U.S.A. The financial statements were audited by Ernst & Young LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 29 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 01-0233346, plan 004, received 29 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.