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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $48 |
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.)
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 | $47,003 | $64,286-26.9% | $90,970-48.3% | $73,412-36.0% |
| Participation rate | 35.2% | 63.6%-28.4pp | 69.0%-33.9pp | 72.2%-37.0pp |
| Annual return | 14.54% | 21.46%-6.9pp | 134.60%-120.1pp | 59.30%-44.8pp |
| Employer contribution / active EE | $0 | $895-100.0% | $2,122-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $1,170 | $2,453-52.3% | $3,373-65.3% | $3,806-69.3% |
| Admin fee / account holder | $311 | $287+8.4% | $5,961-94.8% | $158+97.2% |