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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $19,885 |
Service code 50 · EIN 82-4823358 | Direct Payment | $7,559 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,585 | $43,133-45.3% | $89,391-73.6% | $73,488-67.9% |
| Participation rate | 52.4% | 55.0%-2.6pp | 68.0%-15.6pp | 70.7%-18.3pp |
| Annual return | 8.84% | 135.66%-126.8pp | 245.62%-236.8pp | 28.51%-19.7pp |
| Employer contribution / active EE | $0 | $1,438-100.0% | $2,586-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $898 | $2,445-63.3% | $3,890-76.9% | $3,740-76.0% |
| Admin fee / account holder | $366 | $444-17.5% | $4,881-92.5% | $513-28.7% |