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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE 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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $20,208 | $55,453-63.6% | $170,435-88.1% | $62,293-67.6% |
| Participation rate | 14.2% | 66.4%-52.1pp | 83.6%-69.4pp | 69.5%-55.3pp |
| Annual return | 13.38% | 21.38%-8.0pp | 205.94%-192.6pp | 28.90%-15.5pp |
| Employer contribution / active EE | $0 | $2,164-100.0% | $5,432-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $530 | $2,303-77.0% | $4,939-89.3% | $3,169-83.3% |
| Admin fee / account holder | $1 | $455-99.7% | $13,881-100.0% | $479-99.7% |