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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,118 |
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 | $49,027 | $33,067+48.3% | $76,518-35.9% | $56,289-12.9% |
| Participation rate | 25.9% | 55.4%-29.5pp | 68.0%-42.1pp | 69.9%-43.9pp |
| Annual return | -7.65% | 2.72%-10.4pp | -0.27%-7.4pp | -9.96%+2.3pp |
| Employer contribution / active EE | $0 | $1,200-100.0% | $2,647-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,816 | $2,240-18.9% | $3,836-52.6% | $3,350-45.8% |
| Admin fee / account holder | $57 | $537-89.5% | $4,849-98.8% | $521-89.1% |