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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $46 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,505 | $46,732-24.0% | $156,551-77.3% | $55,167-35.6% |
| Participation rate | 16.0% | 65.8%-49.8pp | 84.0%-68.0pp | 69.0%-53.0pp |
| Annual return | 7.34% | 17.72%-10.4pp | 32.23%-24.9pp | 169.23%-161.9pp |
| Employer contribution / active EE | $453 | $2,105-78.5% | $5,501-91.8% | $1,963-76.9% |
| Participant deferral / active EE | $846 | $2,204-61.6% | $4,871-82.6% | $3,054-72.3% |
| Admin fee / account holder | $304 | $418-27.2% | $13,028-97.7% | $504-39.6% |