Filed January 23, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS COMP Service code 27 DBA MML INVESTORS · SPRINGFIELD, MA 011029500 | Advisory (Plan) | $40,165 |
Filed as: PUTNAM INVESTMENTS Service code 64 ONE POST OFFICE SQUARE · BOSTON, MA 02109 | Recordkeeping Fees | $39,357 |
Filed as: TEAL, BECKER & CHIARAMONTE, CPAS Service code 13 7 WASHINGTON SQUARE · ALBANY, NY 12205 | Contract Administrator | $4,475 |
Filed as: QDRO CONSULTANTS CO LLC Service code 99 3071 PEARL ROAD · MEDINA, OH 44256 | Other Fees | $300 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,529 | $99,016-32.8% | $93,786-29.1% | $66,949-0.6% |
| Participation rate | 98.0% | 82.1%+15.9pp | 81.0%+17.0pp | 69.8%+28.2pp |
| Annual return | -17.80% | -14.59%-3.2pp | -11.32%-6.5pp | 1.57%-19.4pp |
| Employer contribution / active EE | $0 | $4,769-100.0% | $4,328-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $5,545 | $6,689-17.1% | $6,100-9.1% | $4,239+30.8% |
| Admin fee / account holder | $357 | $477-25.2% | $7,184-95.0% | $594-39.8% |