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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $1,058 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,440 | $59,105-50.2% | $160,009-81.6% | $66,938-56.0% |
| Participation rate | 35.9% | 68.1%-32.2pp | 78.0%-42.1pp | 69.8%-33.9pp |
| Annual return | -17.36% | -12.26%-5.1pp | 408.85%-426.2pp | 1.58%-18.9pp |
| Employer contribution / active EE | $993 | $1,983-49.9% | $4,225-76.5% | $2,545-61.0% |
| Participant deferral / active EE | $1,763 | $4,395-59.9% | $6,183-71.5% | $4,238-58.4% |
| Admin fee / account holder | $813 | $591+37.6% | $8,715-90.7% | $594+37.0% |