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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE (U.S.A. Service code 15 · EIN 01-0233346 | Recordkeeping | $1,890 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,879 | $45,126+3.9% | $85,187-45.0% | $74,459-37.0% |
| Participation rate | 62.3% | 49.4%+12.9pp | 67.5%-5.2pp | 67.2%-4.9pp |
| Annual return | 11.37% | 26.30%-14.9pp | 66.67%-55.3pp | 1369.70%-1358.3pp |
| Employer contribution / active EE | $1,570 | $1,460+7.5% | $2,732-42.6% | $2,626-40.2% |
| Participant deferral / active EE | $6,278 | $2,738+129.3% | $4,525+38.7% | $4,350+44.3% |
| Admin fee / account holder | $493 | $2,212-77.7% | $6,162-92.0% | $1,945-74.6% |