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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $16,076 |
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 55 · EIN 13-5674085 | Other Commissions | $7,722 |
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.
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,796 | $66,813-28.5% | $100,535-52.5% | $73,497-35.0% |
| Participation rate | 22.5% | 77.5%-54.9pp | 79.4%-56.9pp | 70.7%-48.1pp |
| Annual return | 13.81% | 25.70%-11.9pp | 30.90%-17.1pp | 28.51%-14.7pp |
| Employer contribution / active EE | $0 | $2,147-100.0% | $3,419-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $1,029 | $5,883-82.5% | $6,271-83.6% | $3,740-72.5% |
| Admin fee / account holder | $506 | $512-1.2% | $8,085-93.7% | $513-1.4% |