Filed September 5, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $4,800 |
RBC WEALTH MANAGEMENT6+ years Filed as: RBC CAPITAL MARKETS CORP Service code 27 · EIN 41-1416330 | Advisory (Plan) | $0 |
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.
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 | $28,278 | $86,225-67.2% | $146,665-80.7% | $86,799-67.4% |
| Participation rate | 100.0% | 78.0%+22.0pp | 80.1%+19.9pp | 72.3%+27.7pp |
| Annual return | 37.68% | 31.23%+6.5pp | 22.74%+14.9pp | 97.91%-60.2pp |
| Employer contribution / active EE | $245 | $2,392-89.8% | $4,136-94.1% | $2,405-89.8% |
| Participant deferral / active EE | $1,213 | $4,245-71.4% | $5,506-78.0% | $4,131-70.6% |
| Admin fee / account holder | $41 | $195-78.8% | $10,280-99.6% | $170-75.6% |