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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $0 |
Service code 11 · EIN 45-4208939 | Actuarial | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $75,748 | $55,636+36.1% | $81,991-7.6% | $73,493+3.1% |
| Participation rate | 54.6% | 62.3%-7.7pp | 69.3%-14.6pp | 70.7%-16.1pp |
| Annual return | 9.29% | 19.07%-9.8pp | 41.31%-32.0pp | 28.51%-19.2pp |
| Employer contribution / active EE | $214 | $1,625-86.8% | $2,498-91.4% | $2,270-90.6% |
| Participant deferral / active EE | $1,610 | $2,762-41.7% | $3,722-56.7% | $3,740-56.9% |
| Admin fee / account holder | $445 | $493-9.7% | $5,665-92.1% | $513-13.2% |