Filed April 19, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $3,211 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $15 |
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.
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 | $17,126 | $33,745-49.2% | $64,105-73.3% | $55,191-69.0% |
| Participation rate | 22.8% | 59.4%-36.6pp | 68.2%-45.4pp | 69.2%-46.4pp |
| Annual return | 0.25% | 4.95%-4.7pp | 791.24%-791.0pp | 10.78%-10.5pp |
| Employer contribution / active EE | $201 | $641-68.6% | $1,820-88.9% | $1,899-89.4% |
| Participant deferral / active EE | $580 | $1,929-70.0% | $2,822-79.5% | $3,046-81.0% |
| Admin fee / account holder | $12 | $94-87.6% | $4,499-99.7% | $91-87.1% |