Filed October 11, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $606 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,577 | $58,911+52.1% | $129,384-30.8% | $77,736+15.2% |
| Participation rate | 57.1% | 59.4%-2.3pp | 69.6%-12.5pp | 70.6%-13.5pp |
| Annual return | 15.52% | 24.75%-9.2pp | 9461.77%-9446.3pp | 31.26%-15.7pp |
| Employer contribution / active EE | $2,530 | $1,955+29.4% | $4,153-39.1% | $2,728-7.3% |
| Participant deferral / active EE | $5,167 | $3,220+60.5% | $4,166+24.0% | $4,651+11.1% |
| Admin fee / account holder | $552 | $592-6.6% | $7,686-92.8% | $433+27.5% |