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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111 | Recordkeeping | $297 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $19,830 | $43,423-54.3% | $78,676-74.8% | $55,167-64.1% |
| Participation rate | 64.0% | 68.0%-4.1pp | 73.6%-9.6pp | 69.0%-5.0pp |
| Annual return | 6.39% | 11.53%-5.1pp | 62.19%-55.8pp | 169.23%-162.8pp |
| Employer contribution / active EE | $0 | $1,997-100.0% | $2,850-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $633 | $2,509-74.8% | $3,517-82.0% | $3,054-79.3% |
| Admin fee / account holder | $22 | $416-94.7% | $4,510-99.5% | $504-95.6% |