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 | $1,161 |
Filed as: TRANSAMERICA LIFE INSURANCE CO Service code 15 · EIN 39-0989781 | Recordkeeping | $120 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,621 | $54,573-62.2% | $90,965-77.3% | $73,493-71.9% |
| Participation rate | 65.6% | 61.2%+4.4pp | 69.0%-3.4pp | 70.7%-5.1pp |
| Annual return | 13.23% | 16.69%-3.5pp | 134.57%-121.3pp | 28.51%-15.3pp |
| Employer contribution / active EE | $256 | $991-74.1% | $2,122-87.9% | $2,270-88.7% |
| Participant deferral / active EE | $1,298 | $2,517-48.4% | $3,373-61.5% | $3,740-65.3% |
| Admin fee / account holder | $21 | $521-96.0% | $5,960-99.6% | $513-95.9% |