Filed May 28, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 64 · EIN 04-1590850 | Recordkeeping Fees | $25,390 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $526 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,937 | $84,499+11.2% | $125,391-25.1% | $66,949+40.3% |
| Participation rate | 69.9% | 76.4%-6.6pp | 82.4%-12.5pp | 69.8%0pp |
| Annual return | -8.02% | -8.49%+0.5pp | 572.41%-580.4pp | 1.57%-9.6pp |
| Employer contribution / active EE | $1,298 | $3,554-63.5% | $4,816-73.1% | $2,545-49.0% |
| Participant deferral / active EE | $10,186 | $6,785+50.1% | $7,448+36.8% | $4,239+140.3% |
| Admin fee / account holder | $145 | $685-78.9% | $10,009-98.6% | $594-75.6% |