Filed November 21, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MML INSURANCE AGENCY, LLC Service code 53 · EIN 04-1590850 1 MONARCH PLACE · SPRINGFIELD, MA 011441099 | Insurance Commissions | $6,267 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $12,139 | $37,196-67.4% | $154,108-92.1% | $55,725-78.2% |
| Participation rate | 62.5% | 64.1%-1.6pp | 83.0%-20.5pp | 70.9%-8.4pp |
| Annual return | 5.35% | 1319.68%-1314.3pp | 735.21%-729.9pp | 244.93%-239.6pp |
| Employer contribution / active EE | $649 | $1,614-59.8% | $5,298-87.8% | $2,078-68.8% |
| Participant deferral / active EE | $997 | $2,068-51.8% | $5,081-80.4% | $3,356-70.3% |
| Admin fee / account holder | $12 | $102-87.9% | $13,411-99.9% | $115-89.3% |