Filed December 28, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $2,094 |
RELIANCE TRUST COMPANY2+ years Filed as: RELIANCE TRUST COMPANY INC. Service code 19 | Securities Custodian | $132 |
MORNINGSTAR2+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $16 |
RELIANCE TRUST COMPANY2+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $32,958 | $36,916-10.7% | $156,551-78.9% | $57,658-42.8% |
| Participation rate | 58.2% | 63.4%-5.2pp | 84.0%-25.8pp | 70.2%-12.0pp |
| Annual return | 7.81% | 12.38%-4.6pp | 32.23%-24.4pp | 5.13%+2.7pp |
| Employer contribution / active EE | $994 | $1,571-36.7% | $5,501-81.9% | $1,974-49.7% |
| Participant deferral / active EE | $2,443 | $1,926+26.9% | $4,871-49.8% | $3,061-20.2% |
| Admin fee / account holder | $7 | $82-91.8% | $13,028-99.9% | $95-92.8% |