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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $2,486 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $21,432 | $37,044-42.1% | $71,796-70.1% | $57,658-62.8% |
| Participation rate | 29.7% | 61.1%-31.4pp | 69.1%-39.4pp | 70.2%-40.5pp |
| Annual return | 18.03% | 12.64%+5.4pp | 78.04%-60.0pp | 5.13%+12.9pp |
| Employer contribution / active EE | $0 | $720-100.0% | $1,924-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $2,790 | $1,974+41.3% | $2,794-0.2% | $3,061-8.8% |
| Admin fee / account holder | $11 | $101-89.4% | $4,815-99.8% | $95-88.7% |