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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $1,329 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,576 | $65,092-31.5% | $143,799-69.0% | $66,938-33.4% |
| Participation rate | 69.1% | 65.2%+3.9pp | 80.3%-11.2pp | 69.8%-0.7pp |
| Annual return | -14.07% | -11.14%-2.9pp | -0.04%-14.0pp | 1.58%-15.6pp |
| Employer contribution / active EE | $960 | $2,362-59.4% | $4,952-80.6% | $2,545-62.3% |
| Participant deferral / active EE | $2,392 | $2,920-18.1% | $5,638-57.6% | $4,238-43.6% |
| Admin fee / account holder | $324 | $502-35.6% | $14,677-97.8% | $594-45.5% |