Filed March 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $632 |
Filed as: MILLENNIUM TRUST COMPANY LLC Service code 49 · EIN 36-4400066 | Other Services | $228 |
RELIANCE TRUST COMPANY4+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $220 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $35,417 | $37,196-4.8% | $154,111-77.0% | $55,725-36.4% |
| Participation rate | 60.5% | 64.1%-3.6pp | 83.0%-22.6pp | 70.9%-10.4pp |
| Annual return | -5.05% | 1319.68%-1324.7pp | 735.18%-740.2pp | 244.93%-250.0pp |
| Employer contribution / active EE | $1,425 | $1,614-11.7% | $5,298-73.1% | $2,078-31.5% |
| Participant deferral / active EE | $2,628 | $2,068+27.1% | $5,081-48.3% | $3,356-21.7% |
| Admin fee / account holder | $3 | $102-97.3% | $13,411-100.0% | $115-97.6% |