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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 | $1,792 |
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 | $38,890 | $72,620-46.4% | $90,760-57.2% | $66,938-41.9% |
| Participation rate | 96.2% | 73.7%+22.5pp | 75.7%+20.5pp | 69.8%+26.4pp |
| Annual return | -16.00% | -12.28%-3.7pp | -12.16%-3.8pp | 1.58%-17.6pp |
| Employer contribution / active EE | $2,216 | $2,369-6.5% | $2,922-24.2% | $2,545-12.9% |
| Participant deferral / active EE | $10,121 | $3,979+154.4% | $4,565+121.7% | $4,238+138.8% |
| Admin fee / account holder | $339 | $707-52.0% | $8,444-96.0% | $594-42.9% |