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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 PO BOX 1583 · HARTFORD, CT 06144 | Recordkeeping | $0 |
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 | $17,257 | $38,595-55.3% | $80,004-78.4% | $52,331-67.0% |
| Participation rate | 65.6% | 64.5%+1.1pp | 73.0%-7.4pp | 68.1%-2.5pp |
| Annual return | 2.63% | 2.04%+0.6pp | 7.63%-5.0pp | 4.54%-1.9pp |
| Employer contribution / active EE | $2,282 | $1,133+101.4% | $2,473-7.7% | $1,882+21.2% |
| Participant deferral / active EE | $3,884 | $2,318+67.5% | $3,204+21.3% | $3,022+28.5% |
| Admin fee / account holder | $6 | $304-98.1% | $5,033-99.9% | $592-99.0% |