Filed June 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $23,081 |
EDWARD JONES3 years Filed as: EDWARD D JONES & CO L P Service code 27 · EIN 43-0345811 | Advisory (Plan) | $22,166 |
RANDALL & HURLEY, INC.1 year Filed as: RANDALL & HURLEY, INC Service code 13 | Contract Administrator | $600 |
QUALIFIED PLANS, LLC1 year Service code 13 · EIN 91-1661080 | Contract Administrator | $395 |
AMERICAN FUNDS2 years Service code 52 · EIN 52-0792143 | Indirect Investment Fees | $0 |
Service code 28 · EIN 61-1732930 | Investment Management | $0 |
FRANKLIN TEMPLETON2 years Service code 52 · EIN 59-6865210 | Indirect Investment Fees | $0 |
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989 | Indirect Investment Fees | $0 |
INVESCO2 years Service code 52 · EIN 84-0933032 | Indirect Investment Fees | $0 |
LEGG MASON2 years Service code 52 · EIN 13-4146187 | Indirect Investment Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,551 | $47,977-50.9% | $154,108-84.7% | $56,289-58.2% |
| Participation rate | 53.4% | 66.2%-12.8pp | 83.0%-29.6pp | 69.9%-16.4pp |
| Annual return | -9.97% | 3.54%-13.5pp | 735.21%-745.2pp | -9.96%0pp |
| Employer contribution / active EE | $774 | $2,169-64.3% | $5,298-85.4% | $2,111-63.3% |
| Participant deferral / active EE | $2,700 | $2,392+12.9% | $5,081-46.8% | $3,350-19.4% |
| Admin fee / account holder | $187 | $438-57.3% | $13,411-98.6% | $521-64.1% |