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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $3,703 |
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 | $16,903 | $60,165-71.9% | $74,184-77.2% | $55,167-69.4% |
| Participation rate | 56.0% | 74.2%-18.1pp | 76.6%-20.6pp | 69.0%-12.9pp |
| Annual return | 6.87% | 10.00%-3.1pp | 17.74%-10.9pp | 169.23%-162.4pp |
| Employer contribution / active EE | $483 | $1,600-69.8% | $2,370-79.6% | $1,963-75.4% |
| Participant deferral / active EE | $598 | $2,973-79.9% | $3,550-83.2% | $3,054-80.4% |
| Admin fee / account holder | $33 | $419-92.2% | $5,586-99.4% | $504-93.5% |