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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $950 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $18,724 | $30,599-38.8% | $74,577-74.9% | $57,658-67.5% |
| Participation rate | 18.4% | 49.1%-30.7pp | 68.1%-49.7pp | 70.2%-51.8pp |
| Annual return | 6.91% | 14.24%-7.3pp | 20.47%-13.6pp | 5.13%+1.8pp |
| Employer contribution / active EE | $87 | $1,000-91.3% | $2,525-96.6% | $1,974-95.6% |
| Participant deferral / active EE | $434 | $1,805-76.0% | $3,458-87.5% | $3,061-85.8% |
| Admin fee / account holder | $5 | $98-95.0% | $4,138-99.9% | $95-94.8% |