Filed July 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111 | Recordkeeping | $15,316 |
Filed as: ENVESTMENTTIES Service code 27 · EIN 74-2794194 | Advisory (Plan) | $0 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $0 |
Filed as: LAFAYETTE LIFE INSURNACE CO. Service code 14 · EIN 41-1486060 301 E. 4TH STREET SUITE 2800 · CINCINNATI, OH 452024291 | Plan Administrator | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,706 | $99,957-91.3% | $149,730-94.2% | $73,493-88.2% |
| Participation rate | 77.9% | 75.7%+2.2pp | 82.5%-4.5pp | 70.7%+7.3pp |
| Annual return | 18.19% | 53.87%-35.7pp | 276.70%-258.5pp | 28.51%-10.3pp |
| Employer contribution / active EE | $3,655 | $3,191+14.6% | $4,645-21.3% | $2,270+61.0% |
| Participant deferral / active EE | $0 | $6,073-100.0% | $6,843-100.0% | $3,740-100.0% |
| Admin fee / account holder | $34 | $551-93.8% | $9,310-99.6% | $513-93.3% |