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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 31-1299207 | Recordkeeping | $2,560 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,244 |
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 | $20,407 | $75,388-72.9% | $123,553-83.5% | $55,725-63.4% |
| Participation rate | 65.8% | 75.7%-9.8pp | 82.3%-16.5pp | 70.9%-5.0pp |
| Annual return | 2.92% | 4.48%-1.6pp | 119.21%-116.3pp | 244.93%-242.0pp |
| Employer contribution / active EE | $258 | $3,063-91.6% | $4,628-94.4% | $2,078-87.6% |
| Participant deferral / active EE | $2,997 | $5,651-47.0% | $6,426-53.4% | $3,356-10.7% |
| Admin fee / account holder | $10 | $120-91.6% | $9,284-99.9% | $115-91.3% |