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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. COMPANY Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $53,981 |
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 | $80,741 | $71,523+12.9% | $98,461-18.0% | $71,511+12.9% |
| Participation rate | 51.6% | 72.7%-21.1pp | 75.2%-23.6pp | 67.9%-16.3pp |
| Annual return | 18.65% | 32.43%-13.8pp | 21.17%-2.5pp | 28.86%-10.2pp |
| Employer contribution / active EE | $1,231 | $2,399-48.7% | $3,049-59.6% | $2,589-52.5% |
| Participant deferral / active EE | $2,315 | $4,109-43.6% | $4,738-51.1% | $4,291-46.0% |
| Admin fee / account holder | $391 | $1,676-76.7% | $8,961-95.6% | $1,588-75.4% |