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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $1,779 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,986 | $78,670-51.7% | $109,173-65.2% | $85,847-55.8% |
| Participation rate | 58.4% | 68.3%-9.8pp | 75.9%-17.5pp | 69.3%-10.9pp |
| Annual return | 8.89% | 25.09%-16.2pp | 25.75%-16.9pp | 318.61%-309.7pp |
| Employer contribution / active EE | $0 | $2,734-100.0% | $3,723-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $2,466 | $3,467-28.9% | $4,654-47.0% | $3,952-37.6% |
| Admin fee / account holder | $413 | $5,469-92.5% | $6,755-93.9% | $6,261-93.4% |