| Provider | Service type | Compensation |
|---|---|---|
NEXTEP, INC1 year Service code 14 · EIN 73-1543198 | Plan Administrator | $80,000 |
Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212 | Insurance Commissions | $65,705 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 14 · EIN 04-1590850 | Plan Administrator | $45,818 |
Filed as: CHARLES SCHWAB & CO., INC Service code 59 | Shareholder Servicing | $0 |
Service code 27 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $45,347 | $86,372-47.5% | $123,894-63.4% | $65,292-30.5% |
| Participation rate | 42.1% | 76.9%-34.9pp | 81.4%-39.3pp | 72.4%-30.4pp |
| Annual return | 18.53% | 11.27%+7.3pp | 47.52%-29.0pp | 11.84%+6.7pp |
| Employer contribution / active EE | $897 | $2,838-68.4% | $4,617-80.6% | $2,302-61.0% |
| Participant deferral / active EE | $1,839 | $5,625-67.3% | $5,984-69.3% | $3,579-48.6% |
| Admin fee / account holder | $14 | $53-74.0% | $8,357-99.8% | $57-76.0% |