Filed January 30, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 49 · EIN 04-1590850 | Other Services | $45,630 |
AXA EQUITABLE LIFE INSURANCE CO2+ years Filed as: AXA ADVISORS Service code 53 · EIN 13-4071393 | Insurance Commissions | $0 |
MY BENEFITS, LLC2+ years Filed as: MY BENEFITS LLC Service code 13 · EIN 45-2098380 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $7,621 | $37,196-79.5% | $154,108-95.1% | $55,725-86.3% |
| Participation rate | 50.1% | 64.1%-14.0pp | 83.0%-33.0pp | 70.9%-20.8pp |
| Annual return | -4.90% | 1319.68%-1324.6pp | 735.21%-740.1pp | 244.93%-249.8pp |
| Employer contribution / active EE | $708 | $1,614-56.1% | $5,298-86.6% | $2,078-65.9% |
| Participant deferral / active EE | $381 | $2,068-81.6% | $5,081-92.5% | $3,356-88.6% |
| Admin fee / account holder | $84 | $102-17.6% | $13,411-99.4% | $115-27.3% |