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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $83,773 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $97,025 | $82,979+16.9% | $102,383-5.2% | $77,714+24.8% |
| Participation rate | 34.3% | 71.5%-37.3pp | 74.5%-40.3pp | 70.6%-36.3pp |
| Annual return | 11.99% | 19.11%-7.1pp | 24.94%-12.9pp | 31.26%-19.3pp |
| Employer contribution / active EE | $1,438 | $3,554-59.5% | $3,870-62.8% | $2,727-47.3% |
| Participant deferral / active EE | $3,006 | $4,109-26.9% | $5,060-40.6% | $4,649-35.4% |
| Admin fee / account holder | $624 | $639-2.2% | $8,391-92.6% | $433+44.1% |