Filed November 29, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $3,285 |
Participant contribution per participant 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $6,375 | $55,449-88.5% | $83,830-92.4% | $56,287-88.7% |
| Participation rate | 95.5% | 68.0%+27.5pp | 76.1%+19.4pp | 69.9%+25.7pp |
| Annual return | -6.86% | -1.38%-5.5pp | 850.97%-857.8pp | -9.96%+3.1pp |
| Employer contribution / active EE | $2,060 | $2,430-15.2% | $3,631-43.3% | $2,111-2.4% |
| Participant deferral / active EE | $350 | $2,935-88.1% | $4,082-91.4% | $3,350-89.6% |
| Admin fee / account holder | $65 | $656-90.1% | $5,479-98.8% | $521-87.5% |