Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $332 |
SUNTRUST BANKS, INC.1 year Filed as: SCOTT WAECHTER Service code 56 4830 · TAMPA, FL 33609 | Non-monetary compensation | $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).
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 | $19,510 | $58,093-66.4% | $80,022-75.6% | $56,287-65.3% |
| Participation rate | 21.7% | 73.6%-51.9pp | 75.8%-54.1pp | 69.9%-48.1pp |
| Annual return | -3.99% | 34.63%-38.6pp | 11.22%-15.2pp | -9.96%+6.0pp |
| Employer contribution / active EE | $0 | $1,933-100.0% | $2,468-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $886 | $3,136-71.7% | $3,686-76.0% | $3,350-73.6% |
| Admin fee / account holder | $18 | $623-97.1% | $6,521-99.7% | $521-96.5% |