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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $720 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $14 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $29,883 | $70,002-57.3% | $115,037-74.0% | $52,331-42.9% |
| Participation rate | 68.5% | 72.1%-3.6pp | 81.4%-12.8pp | 68.1%+0.4pp |
| Annual return | -1.02% | 4.04%-5.1pp | 26.14%-27.2pp | 4.54%-5.6pp |
| Employer contribution / active EE | $1,591 | $2,715-41.4% | $4,608-65.5% | $1,882-15.5% |
| Participant deferral / active EE | $1,613 | $4,920-67.2% | $6,026-73.2% | $3,022-46.6% |
| Admin fee / account holder | $4 | $566-99.2% | $8,175-99.9% | $592-99.3% |