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 13 · EIN 04-1590850 | Contract Administrator | $42,382 |
Filed as: PENSIONMARK FINANCIAL GROUP Service code 27 · EIN 61-1758632 | Advisory (Plan) | $15,284 |
Filed as: THE BENEFIT ADVANTAGE INC. Service code 13 | Contract Administrator | $2,060 |
THE BENEFIT ADVANTAGE, INC.2 years Filed as: THE BENEFIT ADVANTAGE Service code 14 · EIN 38-3254950 | Plan Administrator | $272 |
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 | $34,005 | $94,529-64.0% | $140,019-75.7% | $64,173-47.0% |
| Participation rate | 100.0% | 84.1%+15.9pp | 87.5%+12.5pp | 69.6%+30.4pp |
| Annual return | -8.80% | 7.77%-16.6pp | 651.17%-660.0pp | 7.63%-16.4pp |
| Employer contribution / active EE | $1,133 | $3,812-70.3% | $5,605-79.8% | $2,381-52.4% |
| Participant deferral / active EE | $2,662 | $5,250-49.3% | $6,927-61.6% | $3,470-23.3% |
| Admin fee / account holder | $391 | $6,741-94.2% | $10,705-96.3% | $4,887-92.0% |