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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTES MUTUAL LIFE INSURANC Service code 49 · EIN 04-1590850 | Other Services | $22,140 |
THE RETIREMENT ADVANTAGE INC6+ years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 13 · EIN 39-1816008 | Contract Administrator | $2,124 |
PETER CHANG ENTERPRISES, INC.6+ years Filed as: PETER S NOVAK Service code 53 330 WHITNEY AVE · HOLYOKE, MA 01040 | Insurance Commissions | $0 |
RICKEY S WILLARD6+ years Service code 53 350 LINCOLN ST · HINGHAM, MA 02043 | Insurance Commissions | $0 |
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.
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.
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 | $50,122 | $81,474-38.5% | $133,959-62.6% | $73,493-31.8% |
| Participation rate | 29.4% | 76.4%-46.9pp | 79.8%-50.4pp | 70.7%-41.3pp |
| Annual return | 10.41% | 19.40%-9.0pp | 45.09%-34.7pp | 28.51%-18.1pp |
| Employer contribution / active EE | $126 | $2,209-94.3% | $3,919-96.8% | $2,270-94.4% |
| Participant deferral / active EE | $888 | $3,786-76.6% | $5,047-82.4% | $3,740-76.3% |
| Admin fee / account holder | $388 | $713-45.5% | $8,928-95.6% | $513-24.3% |