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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK TRUST COMPANY Service code 15 · EIN 80-0709115 | Recordkeeping | $35,603 |
Service code 15 · EIN 11-2515970 | Recordkeeping | $6,010 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $139,570 | $48,053+190.4% | $84,637+64.9% | $72,976+91.3% |
| Participation rate | 60.0% | 57.6%+2.4pp | 68.2%-8.2pp | 69.5%-9.5pp |
| Annual return | 18.36% | 37.39%-19.0pp | 258.82%-240.5pp | 81.02%-62.7pp |
| Employer contribution / active EE | $35 | $1,602-97.8% | $2,653-98.7% | $2,440-98.6% |
| Participant deferral / active EE | $3,811 | $2,681+42.2% | $3,900-2.3% | $3,608+5.6% |
| Admin fee / account holder | $1,653 | $3,395-51.3% | $4,914-66.4% | $5,124-67.7% |