Filed December 20, 2021
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $21,605 |
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111 | Recordkeeping Fees | $17,498 |
Filed as: THE BENEFIT ADVANTAGE, INC Service code 13 | Contract Administrator | $15,363 |
Filed as: PENSIONMARK FINANCIAL GROUP Service code 27 · EIN 61-1758632 | Advisory (Plan) | $10,990 |
Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950 | Contract Administrator | $1,500 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $32,762 | $89,739-63.5% | $149,721-78.1% | $62,293-47.4% |
| Participation rate | 99.1% | 85.1%+14.0pp | 87.1%+12.0pp | 69.5%+29.6pp |
| Annual return | 14.69% | 21.01%-6.3pp | 1501.67%-1487.0pp | 28.90%-14.2pp |
| Employer contribution / active EE | $1,004 | $3,233-68.9% | $5,444-81.6% | $2,042-50.8% |
| Participant deferral / active EE | $2,142 | $4,797-55.3% | $6,568-67.4% | $3,169-32.4% |
| Admin fee / account holder | $346 | $551-37.2% | $11,282-96.9% | $479-27.8% |