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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $43,801 |
Filed as: MESIROW FINANCIAL MANAGEMENT Service code 49 · EIN 36-3429599 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $74,166 | $91,559-19.0% | $133,978-44.6% | $79,856-7.1% |
| Participation rate | 47.2% | 73.3%-26.2pp | 79.8%-32.7pp | 69.6%-22.4pp |
| Annual return | 16.38% | 61.85%-45.5pp | 45.10%-28.7pp | 31.71%-15.3pp |
| Employer contribution / active EE | $2,200 | $2,384-7.7% | $3,919-43.9% | $2,471-11.0% |
| Participant deferral / active EE | $5,147 | $3,734+37.8% | $5,047+2.0% | $3,741+37.6% |
| Admin fee / account holder | $371 | $6,321-94.1% | $8,930-95.8% | $5,306-93.0% |