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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $5,206 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $20,011 | $71,192-71.9% | $117,861-83.0% | $62,293-67.9% |
| Participation rate | 68.1% | 74.2%-6.2pp | 79.7%-11.6pp | 69.5%-1.4pp |
| Annual return | 16.90% | 18.66%-1.8pp | 335.11%-318.2pp | 28.90%-12.0pp |
| Employer contribution / active EE | $997 | $1,934-48.5% | $3,786-73.7% | $2,042-51.2% |
| Participant deferral / active EE | $1,189 | $3,189-62.7% | $4,482-73.5% | $3,169-62.5% |
| Admin fee / account holder | $39 | $587-93.3% | $8,021-99.5% | $479-91.8% |