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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 | Recordkeeping | $474 |
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 | $66,074 | $80,705-18.1% | $115,768-42.9% | $67,986-2.8% |
| Participation rate | 97.8% | 63.0%+34.8pp | 74.4%+23.4pp | 57.2%+40.6pp |
| Annual return | 15.07% | 18.49%-3.4pp | 100.46%-85.4pp | 31.67%-16.6pp |
| Employer contribution / active EE | $3,065 | $2,046+49.8% | $2,940+4.3% | $2,019+51.8% |
| Participant deferral / active EE | $2,669 | $3,559-25.0% | $4,917-45.7% | $3,358-20.5% |
| Admin fee / account holder | $342 | $4,135-91.7% | $12,439-97.2% | $3,203-89.3% |