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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 601 CONGRESS STREET · BOSTON, MA 02210 | Recordkeeping | $44 |
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 | $62,912 | $46,697+34.7% | $117,529-46.5% | $68,490-8.1% |
| Participation rate | 70.7% | 56.8%+13.9pp | 70.6%+0.1pp | 67.9%+2.8pp |
| Annual return | -16.03% | -14.52%-1.5pp | 29.77%-45.8pp | -7.85%-8.2pp |
| Employer contribution / active EE | $0 | $1,506-100.0% | $4,179-100.0% | $2,597-100.0% |
| Participant deferral / active EE | $7,114 | $2,637+169.8% | $4,072+74.7% | $4,028+76.6% |
| Admin fee / account holder | $419 | $4,023-89.6% | $5,645-92.6% | $5,403-92.2% |