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 | $41,763 |
Filed as: PENSIONMARK FINANCIAL GROUP Service code 27 · EIN 61-1758632 | Advisory (Plan) | $15,564 |
THE BENEFIT ADVANTAGE, INC.3 years Filed as: THE BENEFIT ADVANTAGE Service code 14 · EIN 38-3254950 | Plan Administrator | $9,617 |
THE BENEFIT ADVANTAGE, INC.2 years Filed as: THE BENEFIT ADVANTAGE INC. Service code 13 | Contract Administrator | $2,045 |
Filed as: THE BENEFIT ADVANATAGE INC Service code 13 · EIN 38-3254950 | Contract Administrator | $0 |
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.)
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 | $39,514 | $98,982-60.1% | $162,185-75.6% | $65,186-39.4% |
| Participation rate | 97.1% | 85.8%+11.3pp | 87.6%+9.5pp | 70.2%+26.9pp |
| Annual return | 19.83% | 24.84%-5.0pp | 115.61%-95.8pp | 29.39%-9.6pp |
| Employer contribution / active EE | $1,135 | $3,467-67.3% | $5,613-79.8% | $2,177-47.9% |
| Participant deferral / active EE | $2,870 | $5,384-46.7% | $7,297-60.7% | $3,514-18.3% |
| Admin fee / account holder | $455 | $596-23.7% | $10,844-95.8% | $847-46.3% |