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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL Service code 49 · EIN 04-1590850 | Other Services | $36,337 |
PSI ADVISORS LLC3 years Service code 27 13059 W LINEBAUGH AVE · TAMPA, FL 33634 | Advisory (Plan) | $15,931 |
FLORIDA RETIREMENT CONSULTANTS6+ years Service code 13 4919 VAN DYKE RD · LUTZ, FL 33558 | Contract Administrator | $4,573 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $53,534 | $69,383-22.8% | $101,271-47.1% | $73,493-27.2% |
| Participation rate | 70.4% | 68.4%+2.1pp | 75.8%-5.4pp | 70.7%-0.3pp |
| Annual return | 13.79% | 18.46%-4.7pp | 46.48%-32.7pp | 28.51%-14.7pp |
| Employer contribution / active EE | $1,587 | $2,628-39.6% | $3,660-56.6% | $2,270-30.1% |
| Participant deferral / active EE | $3,864 | $3,301+17.1% | $4,371-11.6% | $3,740+3.3% |
| Admin fee / account holder | $392 | $704-44.3% | $5,948-93.4% | $513-23.6% |