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| Provider | Service type | Compensation |
|---|---|---|
ACUFF & ASSOCIATES, INC.1 year Service code 16 · EIN 62-1477251 | Consulting | $9,620 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,470 |
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.
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 | $21,536 | $98,760-78.2% | $149,715-85.6% | $79,858-73.0% |
| Participation rate | 57.7% | 75.8%-18.0pp | 82.5%-24.7pp | 69.6%-11.9pp |
| Annual return | 16.29% | 27.43%-11.1pp | 276.66%-260.4pp | 31.72%-15.4pp |
| Employer contribution / active EE | $88 | $3,217-97.3% | $4,645-98.1% | $2,471-96.4% |
| Participant deferral / active EE | $2,483 | $5,681-56.3% | $6,842-63.7% | $3,740-33.6% |
| Admin fee / account holder | $139 | $6,053-97.7% | $9,310-98.5% | $5,306-97.4% |