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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $378 |
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.
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 | $30,979 | $63,314-51.1% | $91,004-66.0% | $62,293-50.3% |
| Participation rate | 48.3% | 73.3%-25.0pp | 75.6%-27.3pp | 69.5%-21.2pp |
| Annual return | 13.85% | 21.00%-7.1pp | 4.60%+9.3pp | 28.90%-15.0pp |
| Employer contribution / active EE | $681 | $1,807-62.3% | $2,456-72.3% | $2,042-66.7% |
| Participant deferral / active EE | $1,253 | $2,944-57.4% | $3,548-64.7% | $3,169-60.5% |
| Admin fee / account holder | $3 | $468-99.3% | $5,417-99.9% | $479-99.3% |