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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $23,289 |
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $16,133 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,638 | $73,397-31.0% | $178,014-71.6% | $74,546-32.1% |
| Participation rate | 44.5% | 66.6%-22.1pp | 77.1%-32.6pp | 67.2%-22.7pp |
| Annual return | 11.54% | 17.49%-6.0pp | 294.80%-283.3pp | 1366.03%-1354.5pp |
| Employer contribution / active EE | $526 | $2,217-76.3% | $3,950-86.7% | $2,624-79.9% |
| Participant deferral / active EE | $2,976 | $4,512-34.0% | $6,276-52.6% | $4,347-31.5% |
| Admin fee / account holder | $348 | $1,809-80.8% | $10,362-96.6% | $1,944-82.1% |