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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 | Recordkeeping | $502 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $104,546 | $86,341+21.1% | $125,192-16.5% | $65,185+60.4% |
| Participation rate | 66.9% | 75.3%-8.4pp | 79.8%-12.9pp | 70.2%-3.3pp |
| Annual return | 20.77% | 27.44%-6.7pp | 43.79%-23.0pp | 29.38%-8.6pp |
| Employer contribution / active EE | $2,060 | $2,040+1.0% | $3,866-46.7% | $2,177-5.4% |
| Participant deferral / active EE | $3,789 | $3,538+7.1% | $4,937-23.3% | $3,514+7.8% |
| Admin fee / account holder | $422 | $609-30.8% | $9,704-95.7% | $847-50.2% |