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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INS. CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $15,699 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $2,207 | $39,819-94.5% | $67,834-96.7% | $57,658-96.2% |
| Participation rate | 57.0% | 61.2%-4.2pp | 68.8%-11.8pp | 70.2%-13.2pp |
| Annual return | 8.97% | 9.19%-0.2pp | 138.47%-129.5pp | 5.13%+3.8pp |
| Employer contribution / active EE | $154 | $1,277-88.0% | $2,403-93.6% | $1,974-92.2% |
| Participant deferral / active EE | $725 | $2,209-67.2% | $3,160-77.0% | $3,061-76.3% |
| Admin fee / account holder | $19 | $84-77.1% | $4,622-99.6% | $95-79.7% |