Filed November 3, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $40,873 |
SILVERSTONE ASSET MANAGEMENT INC6+ years Filed as: SILVERSTONE ASSET MANAGEMENT, INC. Service code 27 · EIN 20-1113894 | Advisory (Plan) | $29,237 |
GOLDLEAF PARTNERS5 years Service code 13 · EIN 45-0514557 8009 34TH AVE SOUTH · BLOOMINGTON, MN 55425 | Contract Administrator | $20,919 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,857 | $84,948+10.5% | $70,449+33.2% | $73,409+27.9% |
| Participation rate | 40.2% | 79.9%-39.8pp | 75.1%-34.9pp | 72.2%-32.0pp |
| Annual return | 13.47% | 13.39%+0.1pp | 109.03%-95.6pp | 59.29%-45.8pp |
| Employer contribution / active EE | $867 | $2,834-69.4% | $2,737-68.3% | $2,234-61.2% |
| Participant deferral / active EE | $1,704 | $3,387-49.7% | $3,709-54.0% | $3,805-55.2% |
| Admin fee / account holder | $389 | $98+296.5% | $3,845-89.9% | $158+146.4% |