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 | $2,676 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $16,181 | $51,466-68.6% | $78,778-79.5% | $62,293-74.0% |
| Participation rate | 62.4% | 59.8%+2.6pp | 69.2%-6.8pp | 69.5%-7.2pp |
| Annual return | 15.42% | 19.96%-4.5pp | 35.62%-20.2pp | 28.90%-13.5pp |
| Employer contribution / active EE | $217 | $827-73.8% | $1,986-89.1% | $2,042-89.4% |
| Participant deferral / active EE | $1,143 | $2,147-46.8% | $2,958-61.4% | $3,169-63.9% |
| Admin fee / account holder | $19 | $489-96.1% | $5,134-99.6% | $479-96.0% |