Filed February 12, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $7,240 |
Annual investment return 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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $42,602 | $60,165-29.2% | $74,184-42.6% | $55,167-22.8% |
| Participation rate | 85.5% | 74.2%+11.3pp | 76.6%+8.9pp | 69.0%+16.5pp |
| Annual return | 5.04% | 10.00%-5.0pp | 17.74%-12.7pp | 169.23%-164.2pp |
| Employer contribution / active EE | $1,624 | $1,600+1.5% | $2,370-31.5% | $1,963-17.3% |
| Participant deferral / active EE | $3,650 | $2,973+22.8% | $3,550+2.8% | $3,054+19.5% |
| Admin fee / account holder | $56 | $419-86.5% | $5,586-99.0% | $504-88.8% |