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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $911 |
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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $13,478 | $89,652-85.0% | $141,197-90.5% | $65,186-79.3% |
| Participation rate | 33.9% | 74.7%-40.8pp | 82.5%-48.6pp | 70.2%-36.3pp |
| Annual return | 29.58% | 32.79%-3.2pp | 71.41%-41.8pp | 29.39%+0.2pp |
| Employer contribution / active EE | $985 | $3,065-67.9% | $4,736-79.2% | $2,177-54.7% |
| Participant deferral / active EE | $2,796 | $5,691-50.9% | $6,710-58.3% | $3,514-20.4% |
| Admin fee / account holder | $301 | $569-47.0% | $10,265-97.1% | $847-64.4% |