Filed December 8, 2016
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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 | $114,631 |
PREMIER RETIREMENT PARTNERS6 years Service code 15 8040 EXCELSIOR DRIVE SUITE 401 · MADISON, WI 53118 | Recordkeeping | $9,940 |
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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $452,036 | $29,569+1428.7% | $56,077+706.1% | $77,714+481.7% |
| Participation rate | 5.0% | 32.6%-27.6pp | 52.5%-47.5pp | 70.6%-65.6pp |
| Annual return | 14.52% | 18.90%-4.4pp | 1709.28%-1694.8pp | 31.26%-16.7pp |
| Employer contribution / active EE | $872 | $569+53.3% | $1,040-16.2% | $2,727-68.0% |
| Participant deferral / active EE | $1,585 | $1,061+49.4% | $1,954-18.9% | $4,649-65.9% |
| Admin fee / account holder | $2,650 | $1,042+154.3% | $2,825-6.2% | $433+511.7% |