Filed October 25, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE Service code 15 · EIN 04-1590850 | Recordkeeping | $3,025 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $82,881 | $55,449+49.5% | $83,850-1.2% | $56,287+47.2% |
| Participation rate | 53.4% | 68.0%-14.6pp | 76.1%-22.7pp | 69.9%-16.4pp |
| Annual return | -6.30% | -1.38%-4.9pp | 850.92%-857.2pp | -9.96%+3.7pp |
| Employer contribution / active EE | $839 | $2,430-65.5% | $3,631-76.9% | $2,111-60.2% |
| Participant deferral / active EE | $2,337 | $2,935-20.4% | $4,082-42.7% | $3,350-30.2% |
| Admin fee / account holder | $27 | $656-95.9% | $5,478-99.5% | $521-94.9% |