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, LLC2+ 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, LLC2+ years Filed as: FIRST PARTY ADMINISTRATOR Service code 13 · EIN 46-2023154 | Contract Administrator | $0 |
MY BENEFITS, LLC2+ 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $30,613 | $36,916-17.1% | $156,551-80.4% | $57,658-46.9% |
| Participation rate | 27.3% | 63.4%-36.1pp | 84.0%-56.7pp | 70.2%-42.9pp |
| Annual return | 6.01% | 12.38%-6.4pp | 32.23%-26.2pp | 5.13%+0.9pp |
| Employer contribution / active EE | $218 | $1,571-86.1% | $5,501-96.0% | $1,974-89.0% |
| Participant deferral / active EE | $709 | $1,926-63.2% | $4,871-85.4% | $3,061-76.8% |
| Admin fee / account holder | $40 | $82-51.8% | $13,028-99.7% | $95-58.0% |