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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $693 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $35,377 | $32,425+9.1% | $74,577-52.6% | $55,167-35.9% |
| Participation rate | 33.3% | 54.0%-20.7pp | 68.1%-34.8pp | 69.0%-35.7pp |
| Annual return | 7.59% | 10.63%-3.0pp | 20.47%-12.9pp | 169.23%-161.6pp |
| Employer contribution / active EE | $0 | $1,043-100.0% | $2,525-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,690 | $1,995-15.3% | $3,458-51.1% | $3,054-44.7% |
| Admin fee / account holder | $43 | $748-94.2% | $4,138-99.0% | $504-91.4% |