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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. OF NY Service code 15 · EIN 13-3646501 | Recordkeeping | $467 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $73,622 | $63,082+16.7% | $81,726-9.9% | $79,856-7.8% |
| Participation rate | 57.7% | 67.5%-9.8pp | 72.0%-14.3pp | 69.6%-11.9pp |
| Annual return | 16.17% | 22.66%-6.5pp | 29.49%-13.3pp | 31.71%-15.5pp |
| Employer contribution / active EE | $928 | $1,795-48.3% | $4,311-78.5% | $2,471-62.4% |
| Participant deferral / active EE | $4,727 | $2,780+70.0% | $7,108-33.5% | $3,741+26.4% |
| Admin fee / account holder | $604 | $4,428-86.4% | $5,160-88.3% | $5,306-88.6% |