Filed November 18, 2024 (most recent of 3 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $9,029 |
Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 53 · EIN 41-0973005 | Insurance Commissions | $1,849 |
Filed as: TRINITY PENSION CONSULTANTS INC. Service code 13 · EIN 20-4548831 | Contract Administrator | $1,800 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $5,835 | $46,732-87.5% | $156,551-96.3% | $55,167-89.4% |
| Participation rate | 87.3% | 65.8%+21.5pp | 84.0%+3.3pp | 69.0%+18.3pp |
| Annual return | 6.64% | 17.72%-11.1pp | 32.23%-25.6pp | 169.23%-162.6pp |
| Employer contribution / active EE | $585 | $2,105-72.2% | $5,501-89.4% | $1,963-70.2% |
| Participant deferral / active EE | $1,146 | $2,204-48.0% | $4,871-76.5% | $3,054-62.5% |
| Admin fee / account holder | $71 | $418-83.1% | $13,028-99.5% | $504-86.0% |