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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $7,130 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $14,673 | $42,546-65.5% | $71,796-79.6% | $55,167-73.4% |
| Participation rate | 43.5% | 59.1%-15.6pp | 69.1%-25.6pp | 69.0%-25.5pp |
| Annual return | 2.79% | 12.36%-9.6pp | 78.04%-75.2pp | 169.23%-166.4pp |
| Employer contribution / active EE | $233 | $803-71.0% | $1,924-87.9% | $1,963-88.1% |
| Participant deferral / active EE | $1,510 | $2,064-26.9% | $2,794-46.0% | $3,054-50.6% |
| Admin fee / account holder | $91 | $650-85.9% | $4,815-98.1% | $504-81.9% |