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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-2333346 | Recordkeeping | $1,062 |
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 | $45,978 | $89,067-48.4% | $102,423-55.1% | $77,714-40.8% |
| Participation rate | 86.7% | 80.9%+5.8pp | 76.5%+10.2pp | 70.6%+16.1pp |
| Annual return | 13.90% | 25.01%-11.1pp | 29.42%-15.5pp | 31.26%-17.4pp |
| Employer contribution / active EE | $1,867 | $2,699-30.8% | $3,023-38.2% | $2,727-31.5% |
| Participant deferral / active EE | $2,839 | $5,147-44.8% | $5,054-43.8% | $4,649-38.9% |
| Admin fee / account holder | $311 | $236+31.9% | $9,455-96.7% | $433-28.2% |