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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS Service code 15 P.O BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $14,288 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,534 | $99,957-35.4% | $149,730-56.9% | $73,493-12.2% |
| Participation rate | 35.3% | 75.7%-40.4pp | 82.5%-47.2pp | 70.7%-35.4pp |
| Annual return | 16.16% | 53.87%-37.7pp | 276.70%-260.5pp | 28.51%-12.4pp |
| Employer contribution / active EE | $1,288 | $3,191-59.6% | $4,645-72.3% | $2,270-43.3% |
| Participant deferral / active EE | $2,890 | $6,073-52.4% | $6,843-57.8% | $3,740-22.7% |
| Admin fee / account holder | $327 | $551-40.6% | $9,310-96.5% | $513-36.2% |