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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIC OF NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $468 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $208,639 | $99,957+108.7% | $149,730+39.3% | $73,493+183.9% |
| Participation rate | 72.5% | 75.7%-3.2pp | 82.5%-9.9pp | 70.7%+1.9pp |
| Annual return | 17.92% | 53.87%-36.0pp | 276.70%-258.8pp | 28.51%-10.6pp |
| Employer contribution / active EE | $0 | $3,191-100.0% | $4,645-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $6,226 | $6,073+2.5% | $6,843-9.0% | $3,740+66.5% |
| Admin fee / account holder | $954 | $551+73.2% | $9,310-89.8% | $513+85.9% |