Filed May 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 61-1291181 | Contract Administrator | $3,459 |
Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212 | Insurance Commissions | $1,197 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850 | Float revenue; Recordkeeping fees | $680 |
MMLIS1 year Service code 55 1295 STATE ST. · SPRINGFIELD, MA 011110001 | Other Commissions | $453 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $130 |
Filed as: BENEFITS ADMINISTRATORS LLC Service code 13 · EIN 61-1291181 269 W MAIN ST. STE 700 · LEXINGTON, KY 40507 | Contract Administrator | $63 |
Annual investment return is in the bottom quintile of the peer cohort.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,645 | $64,119+0.8% | $112,228-42.4% | $66,914-3.4% |
| Participation rate | 86.8% | 68.5%+18.3pp | 75.1%+11.7pp | 69.8%+17.0pp |
| Annual return | -19.08% | -13.81%-5.3pp | 27.45%-46.5pp | 1.58%-20.7pp |
| Employer contribution / active EE | $4,930 | $3,005+64.0% | $3,635+35.6% | $2,544+93.8% |
| Participant deferral / active EE | $5,729 | $3,693+55.1% | $4,728+21.2% | $4,237+35.2% |
| Admin fee / account holder | $9 | $625-98.5% | $6,410-99.9% | $593-98.4% |