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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $29,277 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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).
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 | $30,086 | $52,884-43.1% | $84,753-64.5% | $55,167-45.5% |
| Participation rate | 24.0% | 67.5%-43.5pp | 76.6%-52.6pp | 69.0%-45.0pp |
| Annual return | 3.16% | 18.03%-14.9pp | 22.78%-19.6pp | 169.23%-166.1pp |
| Employer contribution / active EE | $612 | $2,233-72.6% | $3,574-82.9% | $1,963-68.8% |
| Participant deferral / active EE | $1,038 | $2,644-60.7% | $3,712-72.0% | $3,054-66.0% |
| Admin fee / account holder | $532 | $581-8.3% | $5,333-90.0% | $504+5.6% |