Filed August 7, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346 | Recordkeeping | $45,864 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $145,650 | $76,912+89.4% | $129,110+12.8% | $68,494+112.6% |
| Participation rate | 100.0% | 69.1%+30.9pp | 77.3%+22.7pp | 67.9%+32.1pp |
| Annual return | -17.17% | -9.78%-7.4pp | -10.94%-6.2pp | -7.84%-9.3pp |
| Employer contribution / active EE | $6,494 | $3,243+100.3% | $5,052+28.6% | $2,596+150.1% |
| Participant deferral / active EE | $9,127 | $4,732+92.9% | $6,542+39.5% | $4,027+126.6% |
| Admin fee / account holder | $370 | $6,638-94.4% | $14,302-97.4% | $5,403-93.2% |