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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $2,767 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $0 |
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 | $13,807 | $58,888-76.6% | $178,499-92.3% | $73,493-81.2% |
| Participation rate | 43.5% | 66.2%-22.8pp | 81.9%-38.5pp | 70.7%-27.2pp |
| Annual return | 25.58% | 24.86%+0.7pp | 151.10%-125.5pp | 28.51%-2.9pp |
| Employer contribution / active EE | $973 | $2,236-56.5% | $5,011-80.6% | $2,270-57.1% |
| Participant deferral / active EE | $1,746 | $2,568-32.0% | $5,202-66.4% | $3,740-53.3% |
| Admin fee / account holder | $35 | $400-91.1% | $13,986-99.7% | $513-93.1% |