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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL2+ years Filed as: LPL HOLDINGS Service code 27 · EIN 04-3046611 | Advisory (Plan) | $5,874 |
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $1,244 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,375 | $77,817+31.6% | $123,553-17.1% | $64,173+59.5% |
| Participation rate | 66.2% | 74.7%-8.5pp | 82.3%-16.1pp | 69.6%-3.4pp |
| Annual return | -4.75% | 12.49%-17.2pp | 119.21%-124.0pp | 7.63%-12.4pp |
| Employer contribution / active EE | $837 | $3,014-72.2% | $4,628-81.9% | $2,381-64.9% |
| Participant deferral / active EE | $10,270 | $5,240+96.0% | $6,426+59.8% | $3,470+196.0% |
| Admin fee / account holder | $530 | $5,519-90.4% | $9,284-94.3% | $4,887-89.2% |