Filed December 13, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 27 · EIN 13-5674085 | Advisory (Plan) | $14,721 |
Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $14,673 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,309 | $63,082+36.8% | $81,726+5.6% | $79,856+8.1% |
| Participation rate | 76.5% | 67.5%+8.9pp | 72.0%+4.5pp | 69.6%+6.8pp |
| Annual return | 21.91% | 22.66%-0.8pp | 29.49%-7.6pp | 31.71%-9.8pp |
| Employer contribution / active EE | $2,333 | $1,795+29.9% | $4,311-45.9% | $2,471-5.6% |
| Participant deferral / active EE | $4,987 | $2,780+79.3% | $7,108-29.9% | $3,741+33.3% |
| Admin fee / account holder | $368 | $4,428-91.7% | $5,160-92.9% | $5,306-93.1% |