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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $5,335 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $15 |
Service code 27 · EIN 36-3429599 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $21,169 | $70,002-69.8% | $115,037-81.6% | $52,331-59.5% |
| Participation rate | 55.6% | 72.1%-16.5pp | 81.4%-25.8pp | 68.1%-12.5pp |
| Annual return | 3.64% | 4.04%-0.4pp | 26.14%-22.5pp | 4.54%-0.9pp |
| Employer contribution / active EE | $2,216 | $2,715-18.4% | $4,608-51.9% | $1,882+17.8% |
| Participant deferral / active EE | $4,739 | $4,920-3.7% | $6,026-21.4% | $3,022+56.8% |
| Admin fee / account holder | $25 | $566-95.5% | $8,175-99.7% | $592-95.7% |