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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUTAL LIFE INSURANC Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $23,607 |
Service code 13 · EIN 05-0386704 | Contract Administrator | $0 |
Service code 13 · EIN 45-3280454 | Contract Administrator | $0 |
Filed as: MML INVESTORS SERVICES, INC. Service code 53 · EIN 04-2746212 | Insurance Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $32,232 | $55,636-42.1% | $81,988-60.7% | $73,493-56.1% |
| Participation rate | 31.8% | 62.3%-30.5pp | 69.3%-37.5pp | 70.7%-38.9pp |
| Annual return | 11.64% | 19.07%-7.4pp | 41.31%-29.7pp | 28.51%-16.9pp |
| Employer contribution / active EE | $0 | $1,625-100.0% | $2,498-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $795 | $2,762-71.2% | $3,722-78.6% | $3,740-78.7% |
| Admin fee / account holder | $243 | $493-50.6% | $5,665-95.7% | $513-52.6% |