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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $3,864 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,027 | $59,006-16.9% | $97,295-49.6% | $74,478-34.2% |
| Participation rate | 60.9% | 63.7%-2.8pp | 72.7%-11.8pp | 67.2%-6.4pp |
| Annual return | 13.18% | 16.04%-2.9pp | 75.62%-62.4pp | 1370.56%-1357.4pp |
| Employer contribution / active EE | $1,652 | $1,894-12.7% | $2,723-39.3% | $2,626-37.1% |
| Participant deferral / active EE | $3,681 | $3,671+0.3% | $4,264-13.7% | $4,350-15.4% |
| Admin fee / account holder | $335 | $1,974-83.0% | $5,646-94.1% | $1,946-82.8% |