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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $1,802 |
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 | $52,112 | $73,988-29.6% | $96,538-46.0% | $75,177-30.7% |
| Participation rate | 33.8% | 66.4%-32.6pp | 74.3%-40.6pp | 67.2%-33.4pp |
| Annual return | 11.80% | 26.73%-14.9pp | 35.74%-23.9pp | 160.75%-149.0pp |
| Employer contribution / active EE | $0 | $2,930-100.0% | $3,740-100.0% | $2,671-100.0% |
| Participant deferral / active EE | $2,426 | $3,660-33.7% | $4,880-50.3% | $4,126-41.2% |
| Admin fee / account holder | $503 | $5,220-90.4% | $6,737-92.5% | $5,651-91.1% |