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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $149 |
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 | $44,941 | $55,453-19.0% | $170,435-73.6% | $62,293-27.9% |
| Participation rate | 17.0% | 66.4%-49.4pp | 83.6%-66.6pp | 69.5%-52.5pp |
| Annual return | 18.42% | 21.38%-3.0pp | 205.94%-187.5pp | 28.90%-10.5pp |
| Employer contribution / active EE | $447 | $2,164-79.3% | $5,432-91.8% | $2,042-78.1% |
| Participant deferral / active EE | $928 | $2,303-59.7% | $4,939-81.2% | $3,169-70.7% |
| Admin fee / account holder | $315 | $455-30.8% | $13,881-97.7% | $479-34.3% |