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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY11+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $96,905 |
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 | $116,799 | $92,224+26.6% | $105,223+11.0% | $79,634+46.7% |
| Participation rate | 39.5% | 69.2%-29.7pp | 75.0%-35.6pp | 62.5%-23.0pp |
| Annual return | 17.10% | 88.65%-71.5pp | 180.65%-163.5pp | 36.46%-19.4pp |
| Employer contribution / active EE | $1,895 | $3,965-52.2% | $3,689-48.6% | $2,529-25.1% |
| Participant deferral / active EE | $3,776 | $3,834-1.5% | $5,072-25.6% | $3,835-1.5% |
| Admin fee / account holder | $728 | $1,121-35.1% | $8,859-91.8% | $1,002-27.4% |