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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $122 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $61,166 | $85,171-28.2% | $172,753-64.6% | $72,976-16.2% |
| Participation rate | 21.7% | 70.1%-48.3pp | 82.6%-60.9pp | 69.5%-47.8pp |
| Annual return | 23.17% | 27.32%-4.2pp | 803.00%-779.8pp | 81.02%-57.8pp |
| Employer contribution / active EE | $589 | $3,324-82.3% | $5,144-88.5% | $2,440-75.8% |
| Participant deferral / active EE | $1,158 | $3,260-64.5% | $5,198-77.7% | $3,608-67.9% |
| Admin fee / account holder | $369 | $5,880-93.7% | $13,956-97.4% | $5,124-92.8% |