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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $8,762 |
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 | $67,218 | $50,902+32.1% | $155,534-56.8% | $77,736-13.5% |
| Participation rate | 76.5% | 63.1%+13.4pp | 78.2%-1.7pp | 70.6%+5.9pp |
| Annual return | 14.20% | 34.85%-20.6pp | 64.92%-50.7pp | 31.26%-17.1pp |
| Employer contribution / active EE | $3,639 | $1,991+82.8% | $4,675-22.1% | $2,728+33.4% |
| Participant deferral / active EE | $3,478 | $2,824+23.1% | $5,630-38.2% | $4,651-25.2% |
| Admin fee / account holder | $319 | $437-27.1% | $15,900-98.0% | $433-26.5% |