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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERV Service code 15 · EIN 01-0233346 | Recordkeeping | $113,131 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $148,897 | $59,834+148.9% | $79,576+87.1% | $68,495+117.4% |
| Participation rate | 89.7% | 61.1%+28.6pp | 69.5%+20.2pp | 67.9%+21.8pp |
| Annual return | -17.51% | -12.30%-5.2pp | 0.15%-17.7pp | -7.84%-9.7pp |
| Employer contribution / active EE | $12,582 | $1,505+736.0% | $2,413+421.4% | $2,596+384.6% |
| Participant deferral / active EE | $3,982 | $3,024+31.6% | $3,985-0.1% | $4,028-1.1% |
| Admin fee / account holder | $933 | $4,835-80.7% | $6,834-86.3% | $5,403-82.7% |