Filed October 18, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $759 |
Filed as: MESIROW FINANCIAL INVST MANAGEMENT Service code 27 | Advisory (Plan) | $18 |
Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 15 | Recordkeeping | $0 |
Filed as: MESIROW FINANCIAL INVESTEMENT INC. Service code 27 · EIN 36-3429599 | Advisory (Plan) | $0 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,376 | $27,330-87.6% | $67,711-95.0% | $55,191-93.9% |
| Participation rate | 88.6% | 47.5%+41.0pp | 67.5%+21.0pp | 69.2%+19.4pp |
| Annual return | -5.13% | 8.81%-13.9pp | 25.41%-30.5pp | 10.78%-15.9pp |
| Employer contribution / active EE | $641 | $855-25.0% | $2,559-75.0% | $1,899-66.2% |
| Participant deferral / active EE | $848 | $1,709-50.4% | $3,585-76.4% | $3,046-72.2% |
| Admin fee / account holder | $0 | $109-100.0% | $4,255-100.0% | $91-100.0% |