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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850 | Recordkeeping | $762 |
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).
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 | $30,999 | $91,179-66.0% | $178,499-82.6% | $79,852-61.2% |
| Participation rate | 37.8% | 69.2%-31.5pp | 81.9%-44.2pp | 69.6%-31.9pp |
| Annual return | 10.02% | 24.19%-14.2pp | 151.10%-141.1pp | 31.72%-21.7pp |
| Employer contribution / active EE | $167 | $3,256-94.9% | $5,011-96.7% | $2,471-93.2% |
| Participant deferral / active EE | $1,494 | $3,236-53.8% | $5,202-71.3% | $3,740-60.0% |
| Admin fee / account holder | $101 | $6,749-98.5% | $13,986-99.3% | $5,306-98.1% |