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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $5,837 |
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.
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 | $12,460 | $39,245-68.3% | $64,105-80.6% | $52,331-76.2% |
| Participation rate | 34.5% | 58.2%-23.7pp | 68.2%-33.7pp | 68.1%-33.6pp |
| Annual return | -0.97% | 14.79%-15.8pp | 791.24%-792.2pp | 4.54%-5.5pp |
| Employer contribution / active EE | $244 | $736-66.8% | $1,820-86.6% | $1,882-87.0% |
| Participant deferral / active EE | $1,404 | $1,992-29.5% | $2,822-50.2% | $3,022-53.5% |
| Admin fee / account holder | $69 | $592-88.3% | $4,499-98.5% | $592-88.3% |