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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERV Service code 15 · EIN 01-0233346 | Recordkeeping | $92,616 |
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 | $159,596 | $54,573+192.4% | $90,970+75.4% | $73,493+117.2% |
| Participation rate | 77.8% | 61.2%+16.6pp | 69.0%+8.8pp | 70.7%+7.1pp |
| Annual return | 9.42% | 16.69%-7.3pp | 134.58%-125.2pp | 28.51%-19.1pp |
| Employer contribution / active EE | $9,283 | $991+836.3% | $2,122+337.4% | $2,270+308.9% |
| Participant deferral / active EE | $3,027 | $2,517+20.3% | $3,373-10.3% | $3,740-19.0% |
| Admin fee / account holder | $798 | $521+53.1% | $5,960-86.6% | $513+55.6% |