Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL Service code 15 · EIN 04-1590850 | Recordkeeping | $628 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $11,034 | $39,245-71.9% | $64,105-82.8% | $52,331-78.9% |
| Participation rate | 64.5% | 58.2%+6.3pp | 68.2%-3.6pp | 68.1%-3.6pp |
| Annual return | -1.53% | 14.79%-16.3pp | 791.24%-792.8pp | 4.54%-6.1pp |
| Employer contribution / active EE | $189 | $736-74.3% | $1,820-89.6% | $1,882-89.9% |
| Participant deferral / active EE | $884 | $1,992-55.6% | $2,822-68.7% | $3,022-70.8% |
| Admin fee / account holder | $4 | $592-99.3% | $4,499-99.9% | $592-99.3% |