Filed December 20, 2021
Total covered: 2 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $43,525 |
Filed as: PENSIONMARK FINANCIAL GROUP Service code 27 · EIN 61-1758632 | Advisory (Plan) | $16,662 |
THE BENEFIT ADVANTAGE, INC.3 years Filed as: THE BENEFIT ADVANTAGE INC. Service code 13 | Contract Administrator | $3,116 |
THE BENEFIT ADVANTAGE, INC.4 years Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950 | Contract Administrator | $29 |
THE BENEFIT ADVANTAGE, INC.2 years 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 | $43,483 | $136,307-68.1% | $177,848-75.6% | $73,497-40.8% |
| Participation rate | 98.2% | 86.1%+12.1pp | 87.7%+10.5pp | 70.7%+27.5pp |
| Annual return | 12.67% | 18.68%-6.0pp | 48.33%-35.7pp | 28.51%-15.8pp |
| Employer contribution / active EE | $1,182 | $3,712-68.2% | $5,919-80.0% | $2,270-47.9% |
| Participant deferral / active EE | $3,107 | $5,829-46.7% | $7,714-59.7% | $3,740-16.9% |
| Admin fee / account holder | $515 | $596-13.6% | $12,431-95.9% | $513+0.3% |