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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $3,594 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $14,773 | $54,320-72.8% | $67,652-78.2% | $52,331-71.8% |
| Participation rate | 68.9% | 73.6%-4.7pp | 75.7%-6.7pp | 68.1%+0.8pp |
| Annual return | -1.11% | 6.81%-7.9pp | 6625.40%-6626.5pp | 4.54%-5.7pp |
| Employer contribution / active EE | $394 | $1,544-74.5% | $2,266-82.6% | $1,882-79.1% |
| Participant deferral / active EE | $1,076 | $2,950-63.5% | $3,560-69.8% | $3,022-64.4% |
| Admin fee / account holder | $26 | $527-95.0% | $4,821-99.5% | $592-95.6% |