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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 | $247 |
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 | $24,077 | $50,637-52.5% | $86,582-72.2% | $62,293-61.3% |
| Participation rate | 55.5% | 67.9%-12.4pp | 73.5%-18.1pp | 69.5%-14.1pp |
| Annual return | 17.14% | 20.80%-3.7pp | 965.08%-947.9pp | 28.90%-11.8pp |
| Employer contribution / active EE | $0 | $2,075-100.0% | $2,839-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $611 | $2,611-76.6% | $3,609-83.1% | $3,169-80.7% |
| Admin fee / account holder | $11 | $413-97.2% | $4,904-99.8% | $479-97.6% |