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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO NEW YORK Service code 15 · EIN 13-3646501 | 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.)
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 | $44,614 | $42,396+5.2% | $67,313-33.7% | $56,289-20.7% |
| Participation rate | 43.5% | 61.0%-17.5pp | 69.1%-25.6pp | 69.9%-26.3pp |
| Annual return | -5.41% | -36.63%+31.2pp | -4.08%-1.3pp | -9.96%+4.5pp |
| Employer contribution / active EE | $613 | $1,414-56.7% | $2,566-76.1% | $2,111-71.0% |
| Participant deferral / active EE | $1,581 | $2,360-33.0% | $3,568-55.7% | $3,350-52.8% |
| Admin fee / account holder | $389 | $510-23.6% | $4,507-91.4% | $521-25.3% |