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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $4,203 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $24,786 | $65,118-61.9% | $76,768-67.7% | $55,725-55.5% |
| Participation rate | 36.3% | 79.6%-43.3pp | 77.0%-40.7pp | 70.9%-34.6pp |
| Annual return | -5.82% | -1.27%-4.6pp | 2.43%-8.3pp | 244.93%-250.8pp |
| Employer contribution / active EE | $847 | $1,941-56.3% | $2,485-65.9% | $2,078-59.2% |
| Participant deferral / active EE | $1,409 | $3,688-61.8% | $3,852-63.4% | $3,356-58.0% |
| Admin fee / account holder | $25 | $116-78.0% | $6,675-99.6% | $115-77.9% |