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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $482 |
Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 28 · EIN 61-1732930 | Investment Management | $0 |
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).
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 | $55,162 | $35,986+53.3% | $77,513-28.8% | $73,493-24.9% |
| Participation rate | 28.1% | 40.8%-12.7pp | 54.2%-26.1pp | 70.7%-42.6pp |
| Annual return | 19.23% | 19.26%0pp | 54.81%-35.6pp | 28.51%-9.3pp |
| Employer contribution / active EE | $263 | $557-52.9% | $987-73.4% | $2,270-88.4% |
| Participant deferral / active EE | $625 | $1,198-47.8% | $1,861-66.4% | $3,740-83.3% |
| Admin fee / account holder | $22 | $466-95.2% | $2,859-99.2% | $513-95.6% |