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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS Service code 64 · EIN 04-1590850 | Recordkeeping Fees | $23,594 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $0 |
Employer 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).
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 | $27,734 | $51,244-45.9% | $80,977-65.8% | $55,167-49.7% |
| Participation rate | 87.4% | 71.7%+15.7pp | 75.8%+11.6pp | 69.0%+18.4pp |
| Annual return | 16.74% | 17.39%-0.7pp | 17.11%-0.4pp | 169.23%-152.5pp |
| Employer contribution / active EE | $0 | $1,770-100.0% | $3,715-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $8,714 | $4,418+97.2% | $5,696+53.0% | $3,054+185.3% |
| Admin fee / account holder | $120 | $398-69.9% | $5,517-97.8% | $504-76.2% |