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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $4,285 |
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 | $9,694 | $36,916-73.7% | $156,551-93.8% | $57,658-83.2% |
| Participation rate | 20.3% | 63.4%-43.1pp | 84.0%-63.7pp | 70.2%-49.9pp |
| Annual return | 9.22% | 12.38%-3.2pp | 32.23%-23.0pp | 5.13%+4.1pp |
| Employer contribution / active EE | $315 | $1,571-80.0% | $5,501-94.3% | $1,974-84.1% |
| Participant deferral / active EE | $448 | $1,926-76.7% | $4,871-90.8% | $3,061-85.4% |
| Admin fee / account holder | $18 | $82-78.1% | $13,028-99.9% | $95-80.9% |