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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $2,232 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $27,968 | $29,546-5.3% | $56,441-50.4% | $77,671-64.0% |
| Participation rate | 23.3% | 32.7%-9.3pp | 52.5%-29.2pp | 70.6%-47.2pp |
| Annual return | 16.88% | 19.01%-2.1pp | 1704.21%-1687.3pp | 31.21%-14.3pp |
| Employer contribution / active EE | $363 | $568-36.1% | $1,039-65.1% | $2,726-86.7% |
| Participant deferral / active EE | $966 | $1,061-9.0% | $1,953-50.5% | $4,648-79.2% |
| Admin fee / account holder | $26 | $1,046-97.5% | $2,829-99.1% | $430-94.0% |