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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850 | Other Services | $82,379 |
Service code 53 | Insurance Commissions | $9,225 |
THE BENEFIT PRACTICE1 year Service code 13 · EIN 13-4144565 1055 WASHINGTON BLVD · STAMFORD, CT 06905 | Contract Administrator | $2,915 |
Filed as: NYLINK INSURANCE AGENCY Service code 53 · EIN 13-3929029 | Insurance Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $32,910 | $23,224+41.7% | $71,086-53.7% | $55,725-40.9% |
| Participation rate | 30.1% | 37.9%-7.8pp | 54.7%-24.6pp | 70.9%-40.8pp |
| Annual return | -4.86% | -2.87%-2.0pp | 650.59%-655.4pp | 244.93%-249.8pp |
| Employer contribution / active EE | $211 | $436-51.6% | $1,088-80.6% | $2,078-89.8% |
| Participant deferral / active EE | $1,008 | $929+8.5% | $1,874-46.2% | $3,356-70.0% |
| Admin fee / account holder | $332 | $118+181.7% | $3,082-89.2% | $115+188.4% |