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 | $51,008 |
Service code 13 · EIN 46-2023154 | Contract Administrator | $3,991 |
AXA EQUITABLE LIFE INSURANCE CO3+ years Filed as: AXA ADVISORS Service code 53 · EIN 13-4071393 | Insurance Commissions | $0 |
MY BENEFITS, LLC3+ 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.
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 | $24,456 | $62,928-61.1% | $172,753-85.8% | $67,582-63.8% |
| Participation rate | 20.2% | 64.5%-44.3pp | 82.6%-62.5pp | 71.3%-51.1pp |
| Annual return | 17.37% | 30.36%-13.0pp | 803.00%-785.6pp | 378.57%-361.2pp |
| Employer contribution / active EE | $1,159 | $1,636-29.2% | $5,144-77.5% | $2,148-46.0% |
| Participant deferral / active EE | $442 | $2,145-79.4% | $5,198-91.5% | $3,539-87.5% |
| Admin fee / account holder | $246 | $167+47.4% | $13,956-98.2% | $142+72.6% |