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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $698 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $19,208 | $52,293-63.3% | $178,499-89.2% | $73,412-73.8% |
| Participation rate | 18.2% | 65.3%-47.2pp | 81.9%-63.8pp | 72.2%-54.0pp |
| Annual return | 26.64% | 34.75%-8.1pp | 151.10%-124.5pp | 59.30%-32.7pp |
| Employer contribution / active EE | $49 | $1,735-97.2% | $5,011-99.0% | $2,234-97.8% |
| Participant deferral / active EE | $851 | $2,332-63.5% | $5,202-83.7% | $3,806-77.7% |
| Admin fee / account holder | $36 | $127-71.8% | $13,986-99.7% | $158-77.3% |