Filed January 9, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 23-3038464 | Contract Administrator | $17,021 |
Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 64 · EIN 04-1590850 | Recordkeeping Fees | $250 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $4,537,107 | $89,652+4960.8% | $141,177+3113.8% | $65,185+6860.4% |
| Participation rate | 0.0% | 74.7%-74.7pp | 82.5%-82.5pp | 70.2%-70.2pp |
| Annual return | 2.68% | 32.79%-30.1pp | 71.40%-68.7pp | 29.38%-26.7pp |
| Employer contribution / active EE | $1,990 | $3,065-35.1% | $4,736-58.0% | $2,177-8.6% |
| Participant deferral / active EE | $6,420 | $5,691+12.8% | $6,710-4.3% | $3,514+82.7% |
| Admin fee / account holder | $19,624 | $569+3351.7% | $10,263+91.2% | $847+2216.4% |