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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 | $548 |
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).
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 | $23,765 | $51,620-54.0% | $90,300-73.7% | $65,185-63.5% |
| Participation rate | 54.2% | 68.6%-14.4pp | 73.3%-19.1pp | 70.2%-16.0pp |
| Annual return | 23.83% | 24.94%-1.1pp | 78.11%-54.3pp | 29.38%-5.6pp |
| Employer contribution / active EE | $0 | $2,235-100.0% | $2,854-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $665 | $2,871-76.8% | $3,884-82.9% | $3,514-81.1% |
| Admin fee / account holder | $17 | $384-95.5% | $5,353-99.7% | $847-98.0% |