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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $30,112 | $78,423-61.6% | $95,964-68.6% | $79,856-62.3% |
| Participation rate | 56.6% | 73.5%-16.9pp | 77.1%-20.5pp | 69.6%-13.0pp |
| Annual return | 6.64% | 19.37%-12.7pp | 91.64%-85.0pp | 31.71%-25.1pp |
| Employer contribution / active EE | $1,735 | $1,945-10.8% | $2,541-31.7% | $2,471-29.8% |
| Participant deferral / active EE | $3,583 | $3,440+4.1% | $4,167-14.0% | $3,741-4.2% |
| Admin fee / account holder | $308 | $5,622-94.5% | $6,797-95.5% | $5,306-94.2% |