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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850 | Recordkeeping | $314 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,968 | $52,681-81.1% | $75,781-86.8% | $59,632-83.3% |
| Participation rate | 15.6% | 67.2%-51.6pp | 75.8%-60.2pp | 68.7%-53.1pp |
| Annual return | 1.68% | 2.95%-1.3pp | 9.68%-8.0pp | 2041.28%-2039.6pp |
| Employer contribution / active EE | $0 | $2,193-100.0% | $3,323-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $182 | $2,591-93.0% | $3,651-95.0% | $3,192-94.3% |
| Admin fee / account holder | $5 | $3,610-99.9% | $5,299-99.9% | $4,297-99.9% |