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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850 | Recordkeeping fees; Float revenue | $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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,357 | $51,223-50.5% | $82,763-69.4% | $66,949-62.1% |
| Participation rate | 29.4% | 67.9%-38.5pp | 72.6%-43.2pp | 69.8%-40.4pp |
| Annual return | -11.44% | -9.85%-1.6pp | 702.45%-713.9pp | 1.57%-13.0pp |
| Employer contribution / active EE | $515 | $2,611-80.3% | $3,008-82.9% | $2,545-79.8% |
| Participant deferral / active EE | $1,269 | $3,460-63.3% | $4,395-71.1% | $4,239-70.1% |
| Admin fee / account holder | $85 | $415-79.5% | $5,325-98.4% | $594-85.7% |