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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 PO BOX 1583 · HARTFORD, CT 061441583 | Recordkeeping | $72 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $16,611 | $36,916-55.0% | $156,551-89.4% | $57,658-71.2% |
| Participation rate | 13.2% | 63.4%-50.2pp | 84.0%-70.8pp | 70.2%-57.0pp |
| Annual return | 14.19% | 12.38%+1.8pp | 32.23%-18.0pp | 5.13%+9.1pp |
| Employer contribution / active EE | $0 | $1,571-100.0% | $5,501-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $382 | $1,926-80.1% | $4,871-92.2% | $3,061-87.5% |
| Admin fee / account holder | $2 | $82-97.5% | $13,028-100.0% | $95-97.8% |