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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $0 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $101,899 | $91,372+11.5% | $130,045-21.6% | $74,460+36.9% |
| Participation rate | 52.4% | 77.8%-25.4pp | 78.5%-26.1pp | 70.7%-18.4pp |
| Annual return | 16.38% | 23.21%-6.8pp | -137.30%+153.7pp | 34.38%-18.0pp |
| Employer contribution / active EE | $1,424 | $2,563-44.5% | $4,321-67.1% | $2,638-46.0% |
| Participant deferral / active EE | $4,550 | $4,721-3.6% | $5,820-21.8% | $4,530+0.4% |
| Admin fee / account holder | $390 | $283+37.7% | $10,600-96.3% | $348+12.2% |