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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERV Service code 15 · EIN 01-0233346 | Recordkeeping | $92,646 |
Filed as: NEW YORK LIFE SECURITIES Service code 55 51 MADISON AVE · NEW YORK, NY 10010 | Other Commissions | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $174,558 | $49,138+255.2% | $84,021+107.8% | $65,185+167.8% |
| Participation rate | 79.1% | 60.7%+18.3pp | 69.0%+10.1pp | 70.2%+8.9pp |
| Annual return | 3.66% | 23.00%-19.3pp | 71.32%-67.7pp | 29.38%-25.7pp |
| Employer contribution / active EE | $9,852 | $914+978.2% | $1,984+396.6% | $2,177+352.6% |
| Participant deferral / active EE | $3,353 | $2,397+39.9% | $3,239+3.5% | $3,514-4.6% |
| Admin fee / account holder | $874 | $543+60.9% | $6,102-85.7% | $847+3.2% |