Filed October 18, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $11,360 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $54,793 | $37,196+47.3% | $154,108-64.4% | $55,725-1.7% |
| Participation rate | 65.8% | 64.1%+1.7pp | 83.0%-17.3pp | 70.9%-5.1pp |
| Annual return | -1.99% | 1319.68%-1321.7pp | 735.21%-737.2pp | 244.93%-246.9pp |
| Employer contribution / active EE | $1,992 | $1,614+23.4% | $5,298-62.4% | $2,078-4.1% |
| Participant deferral / active EE | $2,456 | $2,068+18.7% | $5,081-51.7% | $3,356-26.8% |
| Admin fee / account holder | $36 | $102-64.2% | $13,411-99.7% | $115-68.4% |