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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $1,036 |
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 | $121,190 | $89,123+36.0% | $102,460+18.3% | $77,762+55.8% |
| Participation rate | 36.8% | 80.9%-44.1pp | 76.5%-39.7pp | 70.6%-33.8pp |
| Annual return | 14.96% | 25.05%-10.1pp | 29.47%-14.5pp | 31.27%-16.3pp |
| Employer contribution / active EE | $1,077 | $2,700-60.1% | $3,025-64.4% | $2,728-60.5% |
| Participant deferral / active EE | $2,045 | $5,148-60.3% | $5,056-59.6% | $4,651-56.0% |
| Admin fee / account holder | $504 | $236+113.9% | $9,460-94.7% | $433+16.5% |