Filed March 10, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AMERICAN PORTFOLIOS ADVISOR Service code 27 | Advisory (Plan) | $32,504 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $26,720 |
Filed as: AMERICAN PORTFOLIOS ADVISORS Service code 27 · EIN 11-3600438 | Advisory (Plan) | $0 |
Service code 13 · EIN 45-0645799 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,092 | $63,156+1.5% | $122,332-47.6% | $62,292+2.9% |
| Participation rate | 60.7% | 60.0%+0.7pp | 71.6%-10.9pp | 69.5%-8.8pp |
| Annual return | 11.66% | 20.61%-9.0pp | 30.27%-18.6pp | 28.90%-17.2pp |
| Employer contribution / active EE | $1,403 | $1,385+1.3% | $4,050-65.4% | $2,042-31.3% |
| Participant deferral / active EE | $2,923 | $2,321+25.9% | $3,287-11.1% | $3,169-7.8% |
| Admin fee / account holder | $191 | $440-56.6% | $5,478-96.5% | $479-60.2% |