Filed October 10, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 15 · EIN 04-1590850 P.O. BOX 1583 · HARTFORD, CT 06144 | Recordkeeping | $4,874 |
Employer contribution per participant 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 | $73,770 | $57,108+29.2% | $94,229-21.7% | $52,331+41.0% |
| Participation rate | 85.5% | 72.9%+12.6pp | 78.8%+6.7pp | 68.1%+17.4pp |
| Annual return | -1.40% | 1.47%-2.9pp | 10.68%-12.1pp | 4.54%-5.9pp |
| Employer contribution / active EE | $277 | $1,735-84.1% | $3,587-92.3% | $1,882-85.3% |
| Participant deferral / active EE | $3,665 | $3,040+20.6% | $4,320-15.2% | $3,022+21.3% |
| Admin fee / account holder | $32 | $546-94.2% | $6,269-99.5% | $592-94.6% |