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| Provider | Service type | Compensation |
|---|---|---|
ERISA SERVICES, INC.1+ years Service code 15 · EIN 62-1200951 | Recordkeeping | $10,041 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $4,956 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $29,877 | $53,412-44.1% | $68,509-56.4% | $52,331-42.9% |
| Participation rate | 33.9% | 71.7%-37.8pp | 74.7%-40.9pp | 68.1%-34.2pp |
| Annual return | -0.35% | 3.42%-3.8pp | 8.27%-8.6pp | 4.54%-4.9pp |
| Employer contribution / active EE | $554 | $1,607-65.5% | $2,278-75.7% | $1,882-70.6% |
| Participant deferral / active EE | $706 | $2,688-73.7% | $3,382-79.1% | $3,022-76.6% |
| Admin fee / account holder | $44 | $461-90.4% | $5,275-99.2% | $592-92.5% |