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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 15 · EIN 04-1590850 | Recordkeeping | $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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $29,465 | $50,175-41.3% | $99,479-70.4% | $65,186-54.8% |
| Participation rate | 27.0% | 68.4%-41.4pp | 73.8%-46.9pp | 70.2%-43.2pp |
| Annual return | 21.58% | 25.36%-3.8pp | 30.72%-9.1pp | 29.39%-7.8pp |
| Employer contribution / active EE | $644 | $1,496-56.9% | $2,540-74.6% | $2,177-70.4% |
| Participant deferral / active EE | $1,004 | $2,748-63.5% | $3,619-72.3% | $3,514-71.4% |
| Admin fee / account holder | $23 | $398-94.3% | $6,253-99.6% | $847-97.3% |