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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 55 · EIN 13-5674085 ONE BRYANT PARK · NEW YOUK, NY 10036 | Other Commissions | $16,738 |
Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111 | Recordkeeping | $12,435 |
Service code 13 P.O. BOX 734603 · CHICAGO, IL 60673 | Contract Administrator | $6,189 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,424 | $58,895-46.6% | $178,503-82.4% | $73,497-57.2% |
| Participation rate | 37.4% | 66.2%-28.8pp | 81.9%-44.5pp | 70.7%-33.3pp |
| Annual return | 10.77% | 24.86%-14.1pp | 151.12%-140.4pp | 28.51%-17.7pp |
| Employer contribution / active EE | $994 | $2,236-55.5% | $5,011-80.2% | $2,270-56.2% |
| Participant deferral / active EE | $1,856 | $2,567-27.7% | $5,202-64.3% | $3,740-50.4% |
| Admin fee / account holder | $344 | $400-14.0% | $13,987-97.5% | $513-32.9% |