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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $203 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,008 | $95,383-70.6% | $185,837-84.9% | $85,856-67.4% |
| Participation rate | 55.4% | 68.8%-13.3pp | 81.7%-26.3pp | 69.3%-13.9pp |
| Annual return | 14.49% | 23.59%-9.1pp | 122.08%-107.6pp | 318.58%-304.1pp |
| Employer contribution / active EE | $1,424 | $3,313-57.0% | $5,168-72.4% | $2,565-44.5% |
| Participant deferral / active EE | $2,585 | $3,423-24.5% | $5,568-53.6% | $3,952-34.6% |
| Admin fee / account holder | $369 | $7,213-94.9% | $16,241-97.7% | $6,261-94.1% |