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| Provider | Service type | Compensation |
|---|---|---|
THE BENEFIT ADVANTAGE, INC.1+ years Service code 13 | Contract Administrator | $50,336 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 430 W 7TH STREER · KANSAS CITY, MO 64105 | Indirect Investment Fees | $31,999 |
THE BENEFIT ADVANTAGE, INC.1+ years Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950 3497 AUBURN RD · AUBURN HILLS, MI 48326 | Contract Administrator | $0 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $17,132 | $112,772-84.8% | $57,356-70.1% | $59,188-71.1% |
| Participation rate | 67.5% | 71.3%-3.8pp | 75.1%-7.5pp | 69.4%-1.9pp |
| Annual return | -1.03% | 0.85%-1.9pp | 24.41%-25.4pp | 5.51%-6.5pp |
| Employer contribution / active EE | $677 | $3,400-80.1% | $2,689-74.8% | $2,098-67.7% |
| Participant deferral / active EE | $1,061 | $3,010-64.7% | $3,162-66.4% | $3,265-67.5% |
| Admin fee / account holder | $55 | $144-62.2% | $3,357-98.4% | $92-40.9% |