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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $5,230 |
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 | $76,789 | $66,459+15.5% | $81,353-5.6% | $77,736-1.2% |
| Participation rate | 49.2% | 68.7%-19.5pp | 69.5%-20.3pp | 70.6%-21.4pp |
| Annual return | 12.05% | 15.95%-3.9pp | 24.82%-12.8pp | 31.26%-19.2pp |
| Employer contribution / active EE | $1,204 | $2,156-44.2% | $2,464-51.1% | $2,728-55.9% |
| Participant deferral / active EE | $2,239 | $3,674-39.1% | $3,885-42.4% | $4,651-51.8% |
| Admin fee / account holder | $429 | $585-26.6% | $5,766-92.6% | $433-0.9% |