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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $109,912 |
SAGEVIEW ADVISORY GROUP, LLC3 years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 64 · EIN 33-0818667 | Recordkeeping Fees | $40,000 |
Service code 27 · EIN 59-2438373 | Advisory (Plan) | $24,108 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $130,474 | $62,132+110.0% | $185,861-29.8% | $73,497+77.5% |
| Participation rate | 68.0% | 67.8%+0.2pp | 78.0%-10.0pp | 70.7%-2.7pp |
| Annual return | 14.63% | 20.44%-5.8pp | 35.96%-21.3pp | 28.51%-13.9pp |
| Employer contribution / active EE | $2,337 | $1,681+39.0% | $4,088-42.8% | $2,270+3.0% |
| Participant deferral / active EE | $4,722 | $3,711+27.3% | $5,634-16.2% | $3,740+26.3% |
| Admin fee / account holder | $1,281 | $419+206.0% | $9,503-86.5% | $513+149.7% |