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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $2,127 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $24,387 | $55,453-56.0% | $170,435-85.7% | $62,293-60.9% |
| Participation rate | 54.4% | 66.4%-12.0pp | 83.6%-29.2pp | 69.5%-15.1pp |
| Annual return | 15.08% | 21.38%-6.3pp | 205.94%-190.9pp | 28.90%-13.8pp |
| Employer contribution / active EE | $0 | $2,164-100.0% | $5,432-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $700 | $2,303-69.6% | $4,939-85.8% | $3,169-77.9% |
| Admin fee / account holder | $22 | $455-95.2% | $13,881-99.8% | $479-95.5% |