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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $125 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $22,856 | $58,726-61.1% | $92,240-75.2% | $62,293-63.3% |
| Participation rate | 11.6% | 68.3%-56.7pp | 76.5%-64.9pp | 69.5%-57.9pp |
| Annual return | 17.49% | 43.62%-26.1pp | 176.29%-158.8pp | 28.90%-11.4pp |
| Employer contribution / active EE | $0 | $2,392-100.0% | $3,680-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $341 | $2,766-87.7% | $3,897-91.2% | $3,169-89.2% |
| Admin fee / account holder | $0 | $556-99.9% | $5,194-100.0% | $479-99.9% |