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| Provider | Service type | Compensation |
|---|---|---|
ERISA SERVICES, INC.2+ years Service code 15 · EIN 62-1200951 | Recordkeeping | $6,382 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $6,014 |
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.
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 | $29,025 | $74,024-60.8% | $78,002-62.8% | $57,658-49.7% |
| Participation rate | 36.4% | 79.7%-43.4pp | 75.5%-39.2pp | 70.2%-33.9pp |
| Annual return | 21.42% | 12.14%+9.3pp | 425.99%-404.6pp | 5.13%+16.3pp |
| Employer contribution / active EE | $570 | $2,365-75.9% | $2,470-76.9% | $1,974-71.1% |
| Participant deferral / active EE | $703 | $3,533-80.1% | $3,497-79.9% | $3,061-77.0% |
| Admin fee / account holder | $43 | $93-53.6% | $5,481-99.2% | $95-54.2% |