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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $573 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $6,068 | $51,466-88.2% | $78,778-92.3% | $62,293-90.3% |
| Participation rate | 87.6% | 59.8%+27.8pp | 69.2%+18.4pp | 69.5%+18.0pp |
| Annual return | 46.86% | 19.96%+26.9pp | 35.62%+11.2pp | 28.90%+18.0pp |
| Employer contribution / active EE | $0 | $827-100.0% | $1,986-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $693 | $2,147-67.7% | $2,958-76.6% | $3,169-78.1% |
| Admin fee / account holder | $15 | $489-96.9% | $5,134-99.7% | $479-96.8% |