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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $2,600 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,548 | $87,132-13.3% | $105,624-28.5% | $80,959-6.7% |
| Participation rate | 98.0% | 70.4%+27.5pp | 75.3%+22.7pp | 67.7%+30.3pp |
| Annual return | 15.54% | 17.03%-1.5pp | 116.20%-100.7pp | 35.67%-20.1pp |
| Employer contribution / active EE | $2,841 | $2,397+18.6% | $3,168-10.3% | $2,757+3.1% |
| Participant deferral / active EE | $15,442 | $3,985+287.5% | $5,013+208.1% | $4,300+259.1% |
| Admin fee / account holder | $662 | $8,449-92.2% | $10,961-94.0% | $6,925-90.4% |