Filed August 9, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,078 |
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 | $1,874 | $25,165-92.6% | $73,550-97.5% | $77,958-97.6% |
| Participation rate | 11.6% | 36.6%-25.0pp | 54.9%-43.3pp | 71.6%-60.1pp |
| Annual return | 0.00% | 18.12%-18.1pp | -15.16%+15.2pp | 20.87%-20.9pp |
| Employer contribution / active EE | $53 | $395-86.6% | $1,219-95.6% | $2,310-97.7% |
| Participant deferral / active EE | $140 | $898-84.4% | $1,804-92.3% | $3,537-96.0% |
| Admin fee / account holder | $8 | $76-89.5% | $2,320-99.7% | $97-91.9% |