Filed January 8, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $200,961 |
Filed as: MML INSURANCE AGENCY LLC Service code 49 · EIN 04-3109325 | Other Services | $49,281 |
Service code 27 · EIN 95-2755361 | 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,812 | $67,512-72.1% | $185,837-89.9% | $93,010-79.8% |
| Participation rate | 60.6% | 67.1%-6.5pp | 81.7%-21.1pp | 73.9%-13.3pp |
| Annual return | 14.96% | 21.04%-6.1pp | 122.08%-107.1pp | 158.70%-143.7pp |
| Employer contribution / active EE | $134 | $1,783-92.5% | $5,168-97.4% | $2,705-95.1% |
| Participant deferral / active EE | $1,494 | $3,035-50.8% | $5,568-73.2% | $4,561-67.2% |
| Admin fee / account holder | $244 | $318-23.1% | $16,241-98.5% | $152+61.0% |