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 | $5,498 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,949 | $65,092-64.7% | $143,799-84.0% | $66,938-65.7% |
| Participation rate | 55.4% | 65.2%-9.8pp | 80.3%-24.9pp | 69.8%-14.4pp |
| Annual return | -11.28% | -11.14%-0.1pp | -0.04%-11.2pp | 1.58%-12.9pp |
| Employer contribution / active EE | $898 | $2,362-62.0% | $4,952-81.9% | $2,545-64.7% |
| Participant deferral / active EE | $1,711 | $2,920-41.4% | $5,638-69.7% | $4,238-59.6% |
| Admin fee / account holder | $31 | $502-93.8% | $14,677-99.8% | $594-94.7% |