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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,136 | $80,177-81.1% | $123,894-87.8% | $57,658-73.7% |
| Participation rate | 15.9% | 74.4%-58.5pp | 81.4%-65.5pp | 70.2%-54.3pp |
| Annual return | 39.38% | 17.90%+21.5pp | 47.52%-8.1pp | 5.13%+34.2pp |
| Employer contribution / active EE | $0 | $2,913-100.0% | $4,617-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $1,809 | $5,130-64.7% | $5,984-69.8% | $3,061-40.9% |
| Admin fee / account holder | $3 | $106-96.8% | $8,357-100.0% | $95-96.4% |