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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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,524 | $55,636+39.3% | $81,982-5.4% | $73,497+5.5% |
| Participation rate | 41.8% | 62.3%-20.5pp | 69.3%-27.4pp | 70.7%-28.9pp |
| Annual return | 14.02% | 19.07%-5.1pp | 41.31%-27.3pp | 28.51%-14.5pp |
| Employer contribution / active EE | $517 | $1,625-68.2% | $2,498-79.3% | $2,270-77.2% |
| Participant deferral / active EE | $1,606 | $2,762-41.9% | $3,722-56.9% | $3,740-57.1% |
| Admin fee / account holder | $574 | $493+16.6% | $5,665-89.9% | $513+12.0% |