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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $2,850 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $16,358 | $32,425-49.6% | $74,577-78.1% | $55,167-70.3% |
| Participation rate | 39.1% | 54.0%-14.9pp | 68.1%-29.0pp | 69.0%-29.9pp |
| Annual return | 9.90% | 10.63%-0.7pp | 20.47%-10.6pp | 169.23%-159.3pp |
| Employer contribution / active EE | $0 | $1,043-100.0% | $2,525-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,343 | $1,995-32.7% | $3,458-61.2% | $3,054-56.0% |
| Admin fee / account holder | $23 | $748-96.9% | $4,138-99.4% | $504-95.4% |