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 | $3,565 |
Filed as: KELLEY FINANCIAL SERVICES Service code 13 · EIN 47-0800241 | Contract Administrator | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,001 | $31,424-87.3% | $81,478-95.1% | $69,631-94.3% |
| Participation rate | 90.9% | 50.8%+40.0pp | 68.0%+22.9pp | 70.7%+20.2pp |
| Annual return | 19.43% | 22.44%-3.0pp | 38.78%-19.3pp | 27571.02%-27551.6pp |
| Employer contribution / active EE | $870 | $1,029-15.5% | $2,568-66.1% | $2,032-57.2% |
| Participant deferral / active EE | $1,109 | $1,838-39.7% | $3,537-68.6% | $3,224-65.6% |
| Admin fee / account holder | $7 | $103-93.1% | $4,561-99.8% | $110-93.6% |