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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,213 |
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 | $16,248 | $80,753-79.9% | $136,294-88.1% | $62,292-73.9% |
| Participation rate | 68.9% | 73.5%-4.7pp | 81.9%-13.0pp | 69.5%-0.6pp |
| Annual return | 15.78% | 35.83%-20.1pp | 5155.94%-5140.2pp | 28.90%-13.1pp |
| Employer contribution / active EE | $683 | $2,884-76.3% | $4,695-85.5% | $2,042-66.6% |
| Participant deferral / active EE | $1,987 | $5,164-61.5% | $6,247-68.2% | $3,169-37.3% |
| Admin fee / account holder | $42 | $525-92.0% | $9,243-99.5% | $479-91.3% |