Filed March 10, 2015 (most recent of 2 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 53 | Insurance Commissions | $11,596 |
Filed as: MASSMUTUAL LIFE INS CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $5,405 |
MY BENEFITS, LLC2 years Service code 13 | Contract Administrator | $1,392 |
Filed as: FIRST PARTY ADMINISTRATORS Service code 13 | Contract Administrator | $650 |
Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 53 · EIN 41-0973005 | Insurance Commissions | $0 |
FIRST PARTY ADMINISTRATOR, LLC4+ years Service code 50 · EIN 46-2023154 | Direct Payment | $0 |
MY BENEFITS, LLC4+ years Filed as: MY BENEFITS LLC Service code 13 · EIN 45-2098380 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $13,200 | $37,196-64.5% | $154,108-91.4% | $55,725-76.3% |
| Participation rate | 39.4% | 64.1%-24.7pp | 83.0%-43.6pp | 70.9%-31.4pp |
| Annual return | -3.13% | 1319.68%-1322.8pp | 735.21%-738.3pp | 244.93%-248.1pp |
| Employer contribution / active EE | $322 | $1,614-80.1% | $5,298-93.9% | $2,078-84.5% |
| Participant deferral / active EE | $968 | $2,068-53.2% | $5,081-81.0% | $3,356-71.2% |
| Admin fee / account holder | $15 | $102-84.9% | $13,411-99.9% | $115-86.7% |