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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $424 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $33,703 | $27,330+23.3% | $67,704-50.2% | $55,191-38.9% |
| Participation rate | 8.4% | 47.5%-39.1pp | 67.5%-59.1pp | 69.2%-60.7pp |
| Annual return | -2.86% | 8.81%-11.7pp | 25.41%-28.3pp | 10.78%-13.6pp |
| Employer contribution / active EE | $116 | $855-86.5% | $2,559-95.5% | $1,899-93.9% |
| Participant deferral / active EE | $462 | $1,709-73.0% | $3,585-87.1% | $3,046-84.8% |
| Admin fee / account holder | $10 | $109-90.8% | $4,255-99.8% | $91-89.0% |