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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $8,208 |
MORNINGSTAR3+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $21 |
Filed as: MESIROW FINANCIAL INVESTMENT MGMT. Service code 49 · EIN 36-3429599 | Other Services | $20 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $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.
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 | $84,101 | $64,909+29.6% | $82,312+2.2% | $62,293+35.0% |
| Participation rate | 34.7% | 74.9%-40.2pp | 76.9%-42.2pp | 69.5%-34.8pp |
| Annual return | 15.38% | 21.18%-5.8pp | 25.88%-10.5pp | 28.90%-13.5pp |
| Employer contribution / active EE | $294 | $1,676-82.4% | $2,428-87.9% | $2,042-85.6% |
| Participant deferral / active EE | $1,960 | $3,103-36.8% | $3,706-47.1% | $3,169-38.2% |
| Admin fee / account holder | $171 | $440-61.1% | $5,608-96.9% | $479-64.3% |