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 | $3,313 |
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 | $11,762 | $42,546-72.4% | $71,796-83.6% | $55,167-78.7% |
| Participation rate | 64.5% | 59.1%+5.3pp | 69.1%-4.6pp | 69.0%-4.5pp |
| Annual return | 9.08% | 12.36%-3.3pp | 78.04%-69.0pp | 169.23%-160.2pp |
| Employer contribution / active EE | $191 | $803-76.3% | $1,924-90.1% | $1,963-90.3% |
| Participant deferral / active EE | $943 | $2,064-54.3% | $2,794-66.3% | $3,054-69.1% |
| Admin fee / account holder | $20 | $650-96.9% | $4,815-99.6% | $504-95.9% |