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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $388 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,415 | $37,196-77.4% | $154,111-94.5% | $55,725-84.9% |
| Participation rate | 18.5% | 64.1%-45.6pp | 83.0%-64.5pp | 70.9%-52.4pp |
| Annual return | 28.12% | 1319.68%-1291.6pp | 735.18%-707.1pp | 244.93%-216.8pp |
| Employer contribution / active EE | $40 | $1,614-97.5% | $5,298-99.2% | $2,078-98.1% |
| Participant deferral / active EE | $771 | $2,068-62.7% | $5,081-84.8% | $3,356-77.0% |
| Admin fee / account holder | $13 | $102-86.8% | $13,411-99.9% | $115-88.4% |