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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $573 |
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.
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 | $24,032 | $73,102-67.1% | $123,553-80.5% | $56,289-57.3% |
| Participation rate | 9.7% | 74.3%-64.6pp | 82.3%-72.6pp | 69.9%-60.1pp |
| Annual return | -3.00% | 3.01%-6.0pp | 119.21%-122.2pp | -9.96%+7.0pp |
| Employer contribution / active EE | $0 | $2,977-100.0% | $4,628-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $975 | $5,423-82.0% | $6,426-84.8% | $3,350-70.9% |
| Admin fee / account holder | $27 | $554-95.2% | $9,284-99.7% | $521-94.9% |