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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $20,577 |
NATIONWIDE1 year Service code 52 · EIN 31-4156830 | Indirect Investment Fees | $5,574 |
SECURITIES AMERICA INC3+ years Filed as: BB&T SECURITIES, LLC Service code 53 · EIN 20-5817590 | Insurance Commissions | $2,993 |
BDO USA, LLP1 year Service code 13 · EIN 13-5381590 | Contract Administrator | $2,042 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $51,745 | $64,909-20.3% | $82,312-37.1% | $62,293-16.9% |
| Participation rate | 57.7% | 74.9%-17.2pp | 76.9%-19.2pp | 69.5%-11.8pp |
| Annual return | 14.78% | 21.18%-6.4pp | 25.88%-11.1pp | 28.90%-14.1pp |
| Employer contribution / active EE | $2,523 | $1,676+50.5% | $2,428+3.9% | $2,042+23.5% |
| Participant deferral / active EE | $3,287 | $3,103+5.9% | $3,706-11.3% | $3,169+3.7% |
| Admin fee / account holder | $261 | $440-40.7% | $5,608-95.4% | $479-45.6% |