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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $7,565 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,171 | $90,614-18.1% | $76,089-2.5% | $145,877-49.2% |
| Participation rate | 91.7% | 74.5%+17.2pp | 69.1%+22.6pp | 80.3%+11.4pp |
| Annual return | 5.02% | 623.80%-618.8pp | 360.94%-355.9pp | 551.28%-546.3pp |
| Employer contribution / active EE | $13,324 | $3,324+300.8% | $2,690+395.3% | $4,663+185.7% |
| Participant deferral / active EE | $5,927 | $5,168+14.7% | $4,259+39.2% | $6,691-11.4% |
| Admin fee / account holder | $2,091 | $8,376-75.0% | $6,418-67.4% | $13,402-84.4% |