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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $3,248 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $16,429 | $54,320-69.8% | $67,653-75.7% | $52,331-68.6% |
| Participation rate | 63.9% | 73.6%-9.7pp | 75.7%-11.8pp | 68.1%-4.2pp |
| Annual return | -0.38% | 6.81%-7.2pp | 6625.22%-6625.6pp | 4.54%-4.9pp |
| Employer contribution / active EE | $520 | $1,544-66.3% | $2,266-77.1% | $1,882-72.4% |
| Participant deferral / active EE | $638 | $2,950-78.4% | $3,560-82.1% | $3,022-78.9% |
| Admin fee / account holder | $32 | $527-94.0% | $4,821-99.3% | $592-94.7% |