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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $2,544 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $13,128 | $80,753-83.7% | $136,297-90.4% | $62,293-78.9% |
| Participation rate | 43.0% | 73.5%-30.5pp | 81.9%-38.9pp | 69.5%-26.5pp |
| Annual return | 34.64% | 35.83%-1.2pp | 5156.19%-5121.6pp | 28.90%+5.7pp |
| Employer contribution / active EE | $0 | $2,884-100.0% | $4,696-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,850 | $5,164-44.8% | $6,247-54.4% | $3,169-10.1% |
| Admin fee / account holder | $28 | $525-94.6% | $9,244-99.7% | $479-94.1% |