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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850 | Recordkeeping | $12,675 |
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $10,477 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $40,873 | $55,449-26.3% | $83,831-51.2% | $56,289-27.4% |
| Participation rate | 23.2% | 68.0%-44.8pp | 76.1%-52.9pp | 69.9%-46.6pp |
| Annual return | -6.03% | -1.38%-4.6pp | 850.99%-857.0pp | -9.96%+3.9pp |
| Employer contribution / active EE | $0 | $2,430-100.0% | $3,631-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,178 | $2,935-59.9% | $4,082-71.1% | $3,350-64.8% |
| Admin fee / account holder | $459 | $656-30.0% | $5,479-91.6% | $521-11.8% |