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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 48-1205033 | Recordkeeping | $138,477 |
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $101,332 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $3,751 | $43,717-91.4% | $81,473-95.4% | $77,958-95.2% |
| Participation rate | 69.2% | 42.5%+26.7pp | 68.0%+1.2pp | 71.6%-2.5pp |
| Annual return | 14.33% | 23.83%-9.5pp | 38.78%-24.5pp | 20.87%-6.5pp |
| Employer contribution / active EE | $0 | $919-100.0% | $2,568-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $800 | $1,783-55.2% | $3,537-77.4% | $3,537-77.4% |
| Admin fee / account holder | $89 | $108-17.7% | $4,561-98.1% | $97-8.9% |