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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $582 |
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 | $29,883 | $73,848-59.5% | $143,799-79.2% | $68,486-56.4% |
| Participation rate | 62.9% | 66.7%-3.8pp | 80.3%-17.4pp | 67.9%-5.0pp |
| Annual return | -17.80% | 0.91%-18.7pp | -0.04%-17.8pp | -7.85%-9.9pp |
| Employer contribution / active EE | $1,395 | $3,184-56.2% | $4,952-71.8% | $2,597-46.3% |
| Participant deferral / active EE | $2,885 | $3,385-14.7% | $5,638-48.8% | $4,028-28.4% |
| Admin fee / account holder | $365 | $5,755-93.7% | $14,677-97.5% | $5,404-93.3% |