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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $23,352 |
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 27 · EIN 13-5674085 | Advisory (Plan) | $6,757 |
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.
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 | $26,002 | $69,159-62.4% | $125,195-79.2% | $67,582-61.5% |
| Participation rate | 44.3% | 78.2%-33.9pp | 79.8%-35.4pp | 71.3%-26.9pp |
| Annual return | 18.83% | 27.12%-8.3pp | 43.79%-25.0pp | 378.57%-359.7pp |
| Employer contribution / active EE | $689 | $2,023-65.9% | $3,866-82.2% | $2,148-67.9% |
| Participant deferral / active EE | $1,019 | $3,700-72.4% | $4,937-79.4% | $3,539-71.2% |
| Admin fee / account holder | $222 | $142+56.6% | $9,704-97.7% | $142+56.1% |