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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. COMPANY Service code 15 · EIN 01-0233346 JOHN HANCOCK LIFE INS. COMPANY · BUFFALO, NY 142010600 | Recordkeeping | $48,984 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,216 | $72,620+0.8% | $90,760-19.3% | $66,938+9.4% |
| Participation rate | 43.8% | 73.7%-29.9pp | 75.7%-31.9pp | 69.8%-26.1pp |
| Annual return | -17.78% | -12.28%-5.5pp | -12.16%-5.6pp | 1.58%-19.4pp |
| Employer contribution / active EE | $1,107 | $2,369-53.3% | $2,922-62.1% | $2,545-56.5% |
| Participant deferral / active EE | $2,100 | $3,979-47.2% | $4,565-54.0% | $4,238-50.5% |
| Admin fee / account holder | $405 | $707-42.8% | $8,444-95.2% | $594-31.8% |