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 | $9,488 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $3,929 | $23,119-83.0% | $71,086-94.5% | $75,289-94.8% |
| Participation rate | 12.5% | 36.3%-23.8pp | 54.7%-42.1pp | 72.4%-59.9pp |
| Annual return | -19.64% | -3.32%-16.3pp | 650.59%-670.2pp | -0.04%-19.6pp |
| Employer contribution / active EE | $118 | $399-70.4% | $1,088-89.2% | $2,405-95.1% |
| Participant deferral / active EE | $308 | $960-68.0% | $1,874-83.6% | $3,739-91.8% |
| Admin fee / account holder | $74 | $89-17.6% | $3,082-97.6% | $102-27.9% |