Filed May 21, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MML INVESTORS SERVICES, INC. Service code 53 · EIN 04-2746212 | Insurance Commissions | $14,543 |
ADP BROKER-DEALER1+ years Filed as: PENSION CONSULTANTS Service code 13 · EIN 06-1504963 | Contract Administrator | $8,280 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $2,300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $16,995 | $39,859-57.4% | $78,676-78.4% | $57,658-70.5% |
| Participation rate | 38.8% | 66.1%-27.2pp | 73.6%-34.7pp | 70.2%-31.4pp |
| Annual return | -0.50% | 18.96%-19.5pp | 62.19%-62.7pp | 5.13%-5.6pp |
| Employer contribution / active EE | $566 | $1,786-68.3% | $2,850-80.2% | $1,974-71.3% |
| Participant deferral / active EE | $1,159 | $2,248-48.4% | $3,517-67.0% | $3,061-62.1% |
| Admin fee / account holder | $10 | $76-86.9% | $4,510-99.8% | $95-89.4% |