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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,089 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $48,946 | $36,767+33.1% | $81,473-39.9% | $62,293-21.4% |
| Participation rate | 35.3% | 54.4%-19.1pp | 68.0%-32.7pp | 69.5%-34.2pp |
| Annual return | 14.46% | 173.80%-159.3pp | 38.78%-24.3pp | 28.90%-14.4pp |
| Employer contribution / active EE | $0 | $1,128-100.0% | $2,568-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,087 | $2,111-1.1% | $3,537-41.0% | $3,169-34.1% |
| Admin fee / account holder | $68 | $797-91.4% | $4,561-98.5% | $479-85.8% |