Filed October 26, 2016 (most recent of 7 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850 | Recordkeeping fees; Float revenue | $4,177 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $23,477 | $123,793-81.0% | $177,839-86.8% | $79,859-70.6% |
| Participation rate | 80.0% | 84.7%-4.7pp | 87.7%-7.7pp | 69.6%+10.4pp |
| Annual return | 17.31% | 22.82%-5.5pp | 48.33%-31.0pp | 31.71%-14.4pp |
| Employer contribution / active EE | $588 | $4,095-85.6% | $5,919-90.1% | $2,471-76.2% |
| Participant deferral / active EE | $2,440 | $5,956-59.0% | $7,714-68.4% | $3,741-34.8% |
| Admin fee / account holder | $38 | $7,243-99.5% | $12,432-99.7% | $5,307-99.3% |