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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 31-1299207 | Recordkeeping | $1,500 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $642 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
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 | $23,959 | $155,795-84.6% | $136,298-82.4% | $69,631-65.6% |
| Participation rate | 66.2% | 75.2%-9.1pp | 81.9%-15.8pp | 70.7%-4.5pp |
| Annual return | 29.12% | 232464.33%-232435.2pp | 5156.27%-5127.1pp | 27571.02%-27541.9pp |
| Employer contribution / active EE | $401 | $2,991-86.6% | $4,696-91.5% | $2,032-80.3% |
| Participant deferral / active EE | $2,287 | $5,394-57.6% | $6,247-63.4% | $3,224-29.1% |
| Admin fee / account holder | $7 | $128-94.3% | $9,244-99.9% | $110-93.3% |