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 | $4,129 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,627 | $137,414-79.9% | $189,513-85.4% | $85,850-67.8% |
| Participation rate | 84.9% | 84.6%+0.3pp | 87.8%-2.9pp | 69.3%+15.6pp |
| Annual return | 15.58% | 38.14%-22.6pp | 555.15%-539.6pp | 318.53%-303.0pp |
| Employer contribution / active EE | $616 | $4,344-85.8% | $6,162-90.0% | $2,565-76.0% |
| Participant deferral / active EE | $3,112 | $6,260-50.3% | $8,221-62.1% | $3,952-21.2% |
| Admin fee / account holder | $36 | $8,630-99.6% | $12,045-99.7% | $6,260-99.4% |