Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-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 1295 STATE STREET · SPRINGFIELD, MA 011110001 | Recordkeeping | $6,935 |
Service code 49 · EIN 36-3429599 | Other Services | $0 |
QUALIFIED PLANS, LLC3 years Filed as: QUALIFIED PLAN ADMINIISTRATORS INC Service code 10 332 E SPRINGBROOK DRIVE SUITE 400 · JOHNSON CITY, TN 37601 | Accounting | $0 |
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).
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 | $30,278 | $79,519-61.9% | $95,960-68.4% | $73,412-58.8% |
| Participation rate | 55.1% | 81.2%-26.1pp | 77.1%-22.0pp | 72.2%-17.1pp |
| Annual return | 27.56% | 19.20%+8.4pp | 91.63%-64.1pp | 59.30%-31.7pp |
| Employer contribution / active EE | $1,203 | $2,048-41.3% | $2,541-52.7% | $2,234-46.1% |
| Participant deferral / active EE | $3,016 | $4,138-27.1% | $4,167-27.6% | $3,806-20.7% |
| Admin fee / account holder | $26 | $184-85.9% | $6,797-99.6% | $158-83.5% |