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 | $42,426 |
Service code 14 · EIN 46-2023154 | Plan Administrator | $11,985 |
EQUITABLE ADVISORS LLC1 year Service code 53 · EIN 13-4071393 | Insurance Commissions | $0 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 53 · EIN 95-2834236 | Insurance Commissions | $0 |
MY BENEFITS, LLC4+ years Filed as: MY BENEFITS LLC Service code 13 · EIN 45-2098380 | Contract Administrator | $0 |
MY BENEFITS, LLC1 year 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.
Annual investment return 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.
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 | $10,911 | $56,095-80.5% | $178,503-93.9% | $90,274-87.9% |
| Participation rate | 38.4% | 65.6%-27.2pp | 81.9%-43.5pp | 73.4%-35.0pp |
| Annual return | 12.78% | 28.81%-16.0pp | 151.12%-138.3pp | 53.97%-41.2pp |
| Employer contribution / active EE | $637 | $1,572-59.5% | $5,011-87.3% | $2,523-74.8% |
| Participant deferral / active EE | $309 | $2,669-88.4% | $5,202-94.1% | $4,231-92.7% |
| Admin fee / account holder | $88 | $101-12.7% | $13,987-99.4% | $114-22.9% |