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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $4,109 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $8,412 | $37,117-77.3% | $147,617-94.3% | $55,191-84.8% |
| Participation rate | 24.1% | 63.6%-39.6pp | 84.6%-60.6pp | 69.2%-45.1pp |
| Annual return | -0.12% | 3.44%-3.6pp | 61.98%-62.1pp | 10.78%-10.9pp |
| Employer contribution / active EE | $378 | $1,620-76.7% | $5,564-93.2% | $1,899-80.1% |
| Participant deferral / active EE | $572 | $1,985-71.2% | $4,895-88.3% | $3,046-81.2% |
| Admin fee / account holder | $20 | $86-76.6% | $11,612-99.8% | $91-78.0% |