| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111 | Float revenue; Recordkeeping fees | $10,430 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,017 | $37,463-73.3% | $77,113-87.0% | $66,954-85.0% |
| Participation rate | 52.6% | 52.9%-0.4pp | 67.9%-15.4pp | 69.8%-17.3pp |
| Annual return | 25.69% | -3.25%+28.9pp | 42.37%-16.7pp | 1.57%+24.1pp |
| Employer contribution / active EE | $657 | $1,535-57.2% | $2,815-76.7% | $2,545-74.2% |
| Participant deferral / active EE | $2,089 | $2,621-20.3% | $4,430-52.9% | $4,239-50.7% |
| Admin fee / account holder | $179 | $568-68.5% | $5,445-96.7% | $594-69.9% |