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 | $2,210 |
RELIANCE TRUST COMPANY1 year Filed as: RELIANCE TRUST COMPANY INC Service code 19 | Securities Custodian | $132 |
MORNINGSTAR3+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $21 |
RELIANCE TRUST COMPANY3+ 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 | $34,351 | $46,173-25.6% | $170,435-79.8% | $69,631-50.7% |
| Participation rate | 45.1% | 63.9%-18.8pp | 83.6%-38.5pp | 70.7%-25.6pp |
| Annual return | 17.26% | 21.62%-4.4pp | 205.94%-188.7pp | 27571.02%-27553.8pp |
| Employer contribution / active EE | $653 | $1,610-59.5% | $5,432-88.0% | $2,032-67.9% |
| Participant deferral / active EE | $1,860 | $2,080-10.6% | $4,939-62.3% | $3,224-42.3% |
| Admin fee / account holder | $6 | $116-94.8% | $13,881-100.0% | $110-94.5% |