Filed August 11, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $8,624 |
COMPENSATION SYSTEMS, INC.1+ years Service code 13 · EIN 56-1129270 | Contract Administrator | $3,195 |
Filed as: JOHN E. MICKEY Service code 53 100 N. CHERRY ST., SUITE 500 · WINSTON-SALEM, NC 27101 | Insurance Commissions | $0 |
RICHARD J. WOLF & COMPANY1+ years Filed as: RICHARD E. ROSE Service code 53 300 N. GREENE ST., SUITE 1650 · GREENSBORO, NC 27401 | Insurance Commissions | $0 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $161,766 | $75,832+113.3% | $147,618+9.6% | $59,633+171.3% |
| Participation rate | 100.0% | 71.6%+28.4pp | 84.6%+15.4pp | 68.7%+31.3pp |
| Annual return | -3.13% | 0.37%-3.5pp | 61.98%-65.1pp | 2041.40%-2044.5pp |
| Employer contribution / active EE | $9,193 | $3,485+163.8% | $5,565+65.2% | $2,203+317.4% |
| Participant deferral / active EE | $4,924 | $3,131+57.3% | $4,895+0.6% | $3,192+54.3% |
| Admin fee / account holder | $625 | $5,986-89.6% | $11,612-94.6% | $4,297-85.5% |