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 | $4,496 |
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 | $16,034 | $42,548-62.3% | $74,549-78.5% | $56,287-71.5% |
| Participation rate | 69.1% | 60.5%+8.7pp | 69.1%0pp | 69.9%-0.7pp |
| Annual return | -7.11% | 12.40%-19.5pp | 32.53%-39.6pp | -9.96%+2.9pp |
| Employer contribution / active EE | $223 | $855-73.9% | $1,961-88.6% | $2,111-89.4% |
| Participant deferral / active EE | $1,134 | $2,277-50.2% | $3,108-63.5% | $3,350-66.2% |
| Admin fee / account holder | $38 | $467-91.9% | $5,059-99.3% | $521-92.8% |