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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY11+ years Filed as: JOHN HANCOCK LIFE INS. Service code 15 · EIN 01-0233346 | Recordkeeping | $9,008 |
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK USA Service code 15 | Recordkeeping | $8,751 |
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 | $105,724 | $78,520+34.6% | $96,576+9.5% | $82,448+28.2% |
| Participation rate | 62.1% | 77.7%-15.6pp | 81.4%-19.3pp | 68.1%-5.9pp |
| Annual return | 16.65% | 41.30%-24.7pp | 38.47%-21.8pp | 41.64%-25.0pp |
| Employer contribution / active EE | $3,056 | $2,630+16.2% | $3,553-14.0% | $2,551+19.8% |
| Participant deferral / active EE | $8,501 | $6,754+25.9% | $7,956+6.8% | $4,139+105.4% |
| Admin fee / account holder | $311 | $13,455-97.7% | $11,381-97.3% | $7,234-95.7% |