Filed September 9, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MML DISTRIBUTORS, LLC Service code 27 | Advisory (Plan) | $33,193 |
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 95-2834236 | Advisory (Plan) | $0 |
Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 | Recordkeeping | $0 |
Filed as: MASSMUTUAL RETIREMENT SERVICES,LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,303 | $22,714+15.8% | $59,496-55.8% | $55,191-52.3% |
| Participation rate | 68.2% | 37.5%+30.7pp | 54.6%+13.6pp | 69.2%-1.0pp |
| Annual return | -2.09% | -44.01%+41.9pp | 182.05%-184.1pp | 10.78%-12.9pp |
| Employer contribution / active EE | $949 | $418+127.1% | $1,153-17.7% | $1,899-50.0% |
| Participant deferral / active EE | $2,574 | $843+205.3% | $1,829+40.7% | $3,046-15.5% |
| Admin fee / account holder | $0 | $83-100.0% | $2,232-100.0% | $91-100.0% |