Filed March 10, 2015 (most recent of 2 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INS CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $4,290 |
FIRST PARTY ADMINISTRATOR, LLC1+ years Service code 50 · EIN 46-2023154 | Direct Payment | $2,135 |
Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 53 · EIN 41-0973005 | Insurance Commissions | $0 |
FIRST PARTY ADMINISTRATOR, LLC1+ years Filed as: FIRST PARTY ADMINISTRATOR Service code 13 · EIN 46-2023154 | Contract Administrator | $0 |
MY BENEFITS, LLC1+ years Filed as: MY BENEFITS LLC Service code 13 · EIN 45-2098380 | Contract Administrator | $0 |
Service code 13 · EIN 46-2023154 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $31,336 | $37,117-15.6% | $147,617-78.8% | $55,191-43.2% |
| Participation rate | 25.4% | 63.6%-38.2pp | 84.6%-59.2pp | 69.2%-43.7pp |
| Annual return | -0.82% | 3.44%-4.3pp | 61.98%-62.8pp | 10.78%-11.6pp |
| Employer contribution / active EE | $235 | $1,620-85.5% | $5,564-95.8% | $1,899-87.6% |
| Participant deferral / active EE | $736 | $1,985-62.9% | $4,895-85.0% | $3,046-75.8% |
| Admin fee / account holder | $44 | $86-48.2% | $11,612-99.6% | $91-51.2% |