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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $5,958 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $8,117 | $54,320-85.1% | $67,652-88.0% | $52,331-84.5% |
| Participation rate | 62.6% | 73.6%-11.0pp | 75.7%-13.1pp | 68.1%-5.5pp |
| Annual return | -9.67% | 6.81%-16.5pp | 6625.40%-6635.1pp | 4.54%-14.2pp |
| Employer contribution / active EE | $1,297 | $1,544-16.0% | $2,266-42.8% | $1,882-31.1% |
| Participant deferral / active EE | $2,233 | $2,950-24.3% | $3,560-37.3% | $3,022-26.1% |
| Admin fee / account holder | $48 | $527-90.9% | $4,821-99.0% | $592-91.9% |