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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $6,646 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $20,807 | $49,249-57.8% | $70,476-70.5% | $79,852-73.9% |
| Participation rate | 57.1% | 69.2%-12.0pp | 75.1%-17.9pp | 69.6%-12.5pp |
| Annual return | 6.46% | 30.09%-23.6pp | 109.12%-102.7pp | 31.72%-25.3pp |
| Employer contribution / active EE | $648 | $2,100-69.1% | $2,738-76.3% | $2,471-73.8% |
| Participant deferral / active EE | $803 | $2,769-71.0% | $3,710-78.3% | $3,740-78.5% |
| Admin fee / account holder | $253 | $2,878-91.2% | $3,847-93.4% | $5,306-95.2% |