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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 50 · EIN 13-5674085 | Direct Payment | $39,747 |
Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 15 · EIN 04-1590850 | Recordkeeping | $14,330 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,524 | $60,488-18.1% | $109,895-54.9% | $79,386-37.6% |
| Participation rate | 30.3% | 67.0%-36.7pp | 74.2%-43.9pp | 70.7%-40.4pp |
| Annual return | 14.88% | 189.57%-174.7pp | 29.45%-14.6pp | 116.85%-102.0pp |
| Employer contribution / active EE | $804 | $1,649-51.3% | $2,842-71.7% | $2,427-66.9% |
| Participant deferral / active EE | $1,295 | $3,220-59.8% | $4,048-68.0% | $4,046-68.0% |
| Admin fee / account holder | $1,448 | $605+139.5% | $6,066-76.1% | $626+131.1% |