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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $5,230 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $0 |
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.
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 | $10,587 | $47,977-77.9% | $154,114-93.1% | $56,287-81.2% |
| Participation rate | 49.8% | 66.2%-16.4pp | 83.0%-33.3pp | 69.9%-20.1pp |
| Annual return | -3.03% | 3.54%-6.6pp | 735.16%-738.2pp | -9.96%+6.9pp |
| Employer contribution / active EE | $374 | $2,169-82.7% | $5,298-92.9% | $2,111-82.3% |
| Participant deferral / active EE | $486 | $2,392-79.7% | $5,081-90.4% | $3,350-85.5% |
| Admin fee / account holder | $24 | $438-94.5% | $13,411-99.8% | $521-95.4% |