See peer percentile detail. $4.99 for your first month.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850 | Float revenue; Recordkeeping fees | $7,714 |
MMA SECURITIES LLC6 years Service code 53 · EIN 22-3570392 | Insurance Commissions | $4,494 |
NOVA 401(K) ASSOCIATES3 years Service code 13 · EIN 20-1181458 | Contract Administrator | $2,120 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,357 | $51,197-50.5% | $82,719-69.3% | $66,914-62.1% |
| Participation rate | 29.4% | 67.8%-38.4pp | 72.6%-43.2pp | 69.8%-40.4pp |
| Annual return | -11.44% | -9.64%-1.8pp | 701.18%-712.6pp | 1.58%-13.0pp |
| Employer contribution / active EE | $515 | $2,611-80.3% | $3,009-82.9% | $2,544-79.7% |
| Participant deferral / active EE | $1,269 | $3,458-63.3% | $4,395-71.1% | $4,237-70.0% |
| Admin fee / account holder | $85 | $416-79.5% | $5,329-98.4% | $593-85.6% |