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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,290 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,607 | $66,124-55.2% | $90,461-67.3% | $73,497-59.7% |
| Participation rate | 48.3% | 69.7%-21.4pp | 72.7%-24.4pp | 70.7%-22.4pp |
| Annual return | -55.32% | 17.65%-73.0pp | 1294.76%-1350.1pp | 28.51%-83.8pp |
| Employer contribution / active EE | $0 | $2,346-100.0% | $3,264-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $941 | $3,039-69.0% | $3,964-76.3% | $3,740-74.8% |
| Admin fee / account holder | $330 | $396-16.6% | $5,617-94.1% | $513-35.6% |