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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $19,265 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $12,501 | $58,895-78.8% | $178,503-93.0% | $73,497-83.0% |
| Participation rate | 65.3% | 66.2%-1.0pp | 81.9%-16.7pp | 70.7%-5.4pp |
| Annual return | 17.53% | 24.86%-7.3pp | 151.12%-133.6pp | 28.51%-11.0pp |
| Employer contribution / active EE | $754 | $2,236-66.3% | $5,011-84.9% | $2,270-66.8% |
| Participant deferral / active EE | $1,384 | $2,567-46.1% | $5,202-73.4% | $3,740-63.0% |
| Admin fee / account holder | $127 | $400-68.2% | $13,987-99.1% | $513-75.2% |