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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 601 CONGRESS STREET · BOSTON, MA 02210 | Recordkeeping | $3,141 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $54,964 | $91,517-39.9% | $101,275-45.7% | $73,415-25.1% |
| Participation rate | 47.7% | 73.8%-26.1pp | 75.8%-28.1pp | 72.2%-24.5pp |
| Annual return | 11.38% | 17.17%-5.8pp | 46.46%-35.1pp | 59.30%-47.9pp |
| Employer contribution / active EE | $236 | $2,877-91.8% | $3,660-93.5% | $2,234-89.4% |
| Participant deferral / active EE | $1,634 | $3,338-51.0% | $4,370-62.6% | $3,806-57.1% |
| Admin fee / account holder | $383 | $216+77.4% | $5,948-93.6% | $158+142.5% |