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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $323 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $95,712 | $60,776+57.5% | $85,693+11.7% | $79,393+20.6% |
| Participation rate | 41.0% | 62.1%-21.1pp | 69.9%-28.9pp | 70.7%-29.7pp |
| Annual return | 13.61% | 16.57%-3.0pp | 21.49%-7.9pp | 116.87%-103.3pp |
| Employer contribution / active EE | $803 | $1,663-51.7% | $2,618-69.3% | $2,428-66.9% |
| Participant deferral / active EE | $2,225 | $2,919-23.8% | $3,923-43.3% | $4,046-45.0% |
| Admin fee / account holder | $737 | $438+68.2% | $6,874-89.3% | $627+17.7% |