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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $820 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $24,380 | $99,957-75.6% | $149,715-83.7% | $73,493-66.8% |
| Participation rate | 61.2% | 75.7%-14.5pp | 82.5%-21.3pp | 70.7%-9.5pp |
| Annual return | 17.58% | 53.87%-36.3pp | 276.66%-259.1pp | 28.51%-10.9pp |
| Employer contribution / active EE | $1,760 | $3,191-44.8% | $4,645-62.1% | $2,270-22.5% |
| Participant deferral / active EE | $3,202 | $6,073-47.3% | $6,842-53.2% | $3,740-14.4% |
| Admin fee / account holder | $0 | $551-100.0% | $9,310-100.0% | $513-100.0% |