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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 11-3738689 | Advisory (Participants) | $25,621 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,379 |
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 | $70,429 | $73,638-4.4% | $95,964-26.6% | $73,497-4.2% |
| Participation rate | 79.6% | 76.2%+3.5pp | 77.1%+2.5pp | 70.7%+8.9pp |
| Annual return | 13.89% | 16.78%-2.9pp | 91.64%-77.8pp | 28.51%-14.6pp |
| Employer contribution / active EE | $1,258 | $1,863-32.5% | $2,541-50.5% | $2,270-44.6% |
| Participant deferral / active EE | $1,871 | $3,617-48.3% | $4,167-55.1% | $3,740-50.0% |
| Admin fee / account holder | $566 | $482+17.4% | $6,797-91.7% | $513+10.3% |