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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111 | Recordkeeping | $1,262 |
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.
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 | $19,868 | $57,108-65.2% | $94,229-78.9% | $52,331-62.0% |
| Participation rate | 43.4% | 72.9%-29.5pp | 78.8%-35.4pp | 68.1%-24.7pp |
| Annual return | 1.52% | 1.47%0pp | 10.68%-9.2pp | 4.54%-3.0pp |
| Employer contribution / active EE | $0 | $1,735-100.0% | $3,587-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $976 | $3,040-67.9% | $4,320-77.4% | $3,022-67.7% |
| Admin fee / account holder | $9 | $546-98.4% | $6,269-99.9% | $592-98.5% |