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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,557 |
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 | $34,037 | $63,924-46.8% | $108,582-68.7% | $55,167-38.3% |
| Participation rate | 52.1% | 74.3%-22.2pp | 79.6%-27.5pp | 69.0%-16.9pp |
| Annual return | 8.64% | 15.31%-6.7pp | -51.70%+60.3pp | 169.23%-160.6pp |
| Employer contribution / active EE | $351 | $1,879-81.3% | $3,758-90.7% | $1,963-82.1% |
| Participant deferral / active EE | $1,739 | $3,067-43.3% | $4,311-59.7% | $3,054-43.1% |
| Admin fee / account holder | $10 | $618-98.4% | $7,645-99.9% | $504-98.0% |