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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 | Recordkeeping | $2,872 |
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 | $56,766 | $84,493-32.8% | $125,381-54.7% | $66,938-15.2% |
| Participation rate | 63.8% | 76.4%-12.6pp | 82.4%-18.5pp | 69.8%-6.0pp |
| Annual return | -15.21% | -8.49%-6.7pp | 572.31%-587.5pp | 1.58%-16.8pp |
| Employer contribution / active EE | $3,085 | $3,554-13.2% | $4,815-35.9% | $2,545+21.2% |
| Participant deferral / active EE | $7,344 | $6,783+8.3% | $7,448-1.4% | $4,238+73.3% |
| Admin fee / account holder | $379 | $685-44.7% | $10,007-96.2% | $594-36.2% |