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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 011110001 | Recordkeeping | $631 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $23,469 | $64,909-63.8% | $82,312-71.5% | $62,293-62.3% |
| Participation rate | 47.6% | 74.9%-27.3pp | 76.9%-29.3pp | 69.5%-21.9pp |
| Annual return | 32.78% | 21.18%+11.6pp | 25.88%+6.9pp | 28.90%+3.9pp |
| Employer contribution / active EE | $1,205 | $1,676-28.1% | $2,428-50.4% | $2,042-41.0% |
| Participant deferral / active EE | $2,540 | $3,103-18.1% | $3,706-31.5% | $3,169-19.8% |
| Admin fee / account holder | $6 | $440-98.7% | $5,608-99.9% | $479-98.8% |