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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $4,141 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $12,008 | $60,165-80.0% | $74,184-83.8% | $55,167-78.2% |
| Participation rate | 52.5% | 74.2%-21.7pp | 76.6%-24.2pp | 69.0%-16.5pp |
| Annual return | 6.22% | 10.00%-3.8pp | 17.74%-11.5pp | 169.23%-163.0pp |
| Employer contribution / active EE | $1,064 | $1,600-33.5% | $2,370-55.1% | $1,963-45.8% |
| Participant deferral / active EE | $1,575 | $2,973-47.0% | $3,550-55.6% | $3,054-48.4% |
| Admin fee / account holder | $46 | $419-89.1% | $5,586-99.2% | $504-91.0% |