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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $15,706 |
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 32 · EIN 13-5674085 | Other commissions; Real estate brokerage | $7,466 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $63,393 | $54,573+16.2% | $90,970-30.3% | $73,493-13.7% |
| Participation rate | 20.7% | 61.2%-40.5pp | 69.0%-48.3pp | 70.7%-50.0pp |
| Annual return | 11.50% | 16.69%-5.2pp | 134.58%-123.1pp | 28.51%-17.0pp |
| Employer contribution / active EE | $6 | $991-99.4% | $2,122-99.7% | $2,270-99.8% |
| Participant deferral / active EE | $1,474 | $2,517-41.4% | $3,373-56.3% | $3,740-60.6% |
| Admin fee / account holder | $652 | $521+25.0% | $5,960-89.1% | $513+27.1% |