Filed October 26, 2016 (most recent of 7 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850 | Recordkeeping fees; Float revenue | $4,403 |
Employer 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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,399 | $109,359-80.4% | $162,163-86.8% | $72,985-70.7% |
| Participation rate | 100.0% | 84.3%+15.7pp | 87.6%+12.4pp | 69.5%+30.5pp |
| Annual return | 23.04% | 25.46%-2.4pp | 115.59%-92.6pp | 81.00%-58.0pp |
| Employer contribution / active EE | $812 | $3,907-79.2% | $5,614-85.5% | $2,440-66.7% |
| Participant deferral / active EE | $3,009 | $5,481-45.1% | $7,298-58.8% | $3,607-16.6% |
| Admin fee / account holder | $43 | $7,972-99.5% | $10,843-99.6% | $5,124-99.2% |