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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $5,224 |
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 | $52,055 | $38,365+35.7% | $84,628-38.5% | $65,185-20.1% |
| Participation rate | 27.6% | 55.7%-28.0pp | 68.2%-40.6pp | 70.2%-42.6pp |
| Annual return | 21.63% | 32.00%-10.4pp | 258.80%-237.2pp | 29.38%-7.8pp |
| Employer contribution / active EE | $0 | $1,258-100.0% | $2,653-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,926 | $2,278-15.5% | $3,900-50.6% | $3,514-45.2% |
| Admin fee / account holder | $130 | $451-71.2% | $4,914-97.4% | $847-84.6% |