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 | $32,134 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $71,039 | $65,376+8.7% | $87,104-18.4% | $65,185+9.0% |
| Participation rate | 90.7% | 75.3%+15.3pp | 76.9%+13.8pp | 70.2%+20.5pp |
| Annual return | 27.56% | 31.27%-3.7pp | 28.19%-0.6pp | 29.38%-1.8pp |
| Employer contribution / active EE | $1,755 | $1,822-3.7% | $2,521-30.4% | $2,177-19.4% |
| Participant deferral / active EE | $4,618 | $3,388+36.3% | $4,048+14.1% | $3,514+31.4% |
| Admin fee / account holder | $261 | $520-49.7% | $7,491-96.5% | $847-69.2% |