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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK INSURANCE CO. (U.S.A.) Service code 15 · EIN 01-0233346 | Recordkeeping | $22,003 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $237,873 | $58,888+303.9% | $178,499+33.3% | $73,493+223.7% |
| Participation rate | 89.6% | 66.2%+23.4pp | 81.9%+7.7pp | 70.7%+18.9pp |
| Annual return | 15.41% | 24.86%-9.5pp | 151.10%-135.7pp | 28.51%-13.1pp |
| Employer contribution / active EE | $18,760 | $2,236+738.9% | $5,011+274.4% | $2,270+726.4% |
| Participant deferral / active EE | $9,772 | $2,568+280.6% | $5,202+87.9% | $3,740+161.3% |
| Admin fee / account holder | $318 | $400-20.6% | $13,986-97.7% | $513-38.0% |