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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $3,008 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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).
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 | $20,610 | $52,961-61.1% | $172,752-88.1% | $65,185-68.4% |
| Participation rate | 16.1% | 66.2%-50.1pp | 82.6%-66.5pp | 70.2%-54.1pp |
| Annual return | 41.67% | 30.12%+11.5pp | 802.97%-761.3pp | 29.38%+12.3pp |
| Employer contribution / active EE | $0 | $2,190-100.0% | $5,144-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,355 | $2,471-45.2% | $5,198-73.9% | $3,514-61.4% |
| Admin fee / account holder | $55 | $472-88.4% | $13,955-99.6% | $847-93.5% |