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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 | Recordkeeping | $2,101 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $79,639 | $89,652-11.2% | $141,191-43.6% | $65,185+22.2% |
| Participation rate | 72.5% | 74.7%-2.2pp | 82.5%-10.0pp | 70.2%+2.3pp |
| Annual return | 5.71% | 32.79%-27.1pp | 71.41%-65.7pp | 29.38%-23.7pp |
| Employer contribution / active EE | $4,031 | $3,065+31.5% | $4,736-14.9% | $2,177+85.2% |
| Participant deferral / active EE | $7,790 | $5,691+36.9% | $6,710+16.1% | $3,514+121.7% |
| Admin fee / account holder | $541 | $569-4.8% | $10,264-94.7% | $847-36.1% |