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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,794 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,833 | $75,183-77.6% | $123,892-86.4% | $55,167-69.5% |
| Participation rate | 64.3% | 72.8%-8.5pp | 81.4%-17.1pp | 69.0%-4.6pp |
| Annual return | 12.87% | 19.01%-6.1pp | 47.52%-34.6pp | 169.23%-156.4pp |
| Employer contribution / active EE | $657 | $2,823-76.7% | $4,617-85.8% | $1,963-66.5% |
| Participant deferral / active EE | $1,859 | $5,084-63.4% | $5,984-68.9% | $3,054-39.1% |
| Admin fee / account holder | $90 | $663-86.4% | $8,357-98.9% | $504-82.1% |