Filed June 28, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,315 |
RELIANCE TRUST COMPANY1 year Service code 19 · EIN 58-1428634 | Securities Custodian | $400 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $0 |
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.
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 | $93,529 | $75,284+24.2% | $91,004+2.8% | $69,631+34.3% |
| Participation rate | 33.7% | 80.4%-46.7pp | 75.6%-41.9pp | 70.7%-37.0pp |
| Annual return | 17.25% | 48.40%-31.1pp | 4.60%+12.7pp | 27571.02%-27553.8pp |
| Employer contribution / active EE | $741 | $2,473-70.0% | $2,456-69.8% | $2,032-63.6% |
| Participant deferral / active EE | $1,300 | $3,700-64.9% | $3,548-63.4% | $3,224-59.7% |
| Admin fee / account holder | $5 | $111-95.9% | $5,417-99.9% | $110-95.9% |