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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $106 |
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 | $78,003 | $91,198-14.5% | $178,503-56.3% | $79,856-2.3% |
| Participation rate | 20.9% | 69.2%-48.3pp | 81.9%-61.0pp | 69.6%-48.7pp |
| Annual return | 21.39% | 24.20%-2.8pp | 151.12%-129.7pp | 31.71%-10.3pp |
| Employer contribution / active EE | $691 | $3,257-78.8% | $5,011-86.2% | $2,471-72.0% |
| Participant deferral / active EE | $1,525 | $3,237-52.9% | $5,202-70.7% | $3,741-59.2% |
| Admin fee / account holder | $378 | $6,748-94.4% | $13,987-97.3% | $5,306-92.9% |