Filed August 17, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
RAYMOND JAMES FINANCIAL SERVICES2+ years Filed as: RAYMOND JAMES INSURANCE GROUP INC Service code 53 · EIN 59-1199408 | Insurance Commissions | $8,912 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 64 · EIN 04-1590850 | Recordkeeping Fees | $5,895 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $16,193 | $38,969-58.4% | $109,313-85.2% | $55,167-70.6% |
| Participation rate | 61.9% | 58.2%+3.7pp | 71.3%-9.4pp | 69.0%-7.1pp |
| Annual return | 9.67% | 8.26%+1.4pp | 22.07%-12.4pp | 169.23%-159.6pp |
| Employer contribution / active EE | $745 | $1,227-39.3% | $3,892-80.9% | $1,963-62.0% |
| Participant deferral / active EE | $2,129 | $2,176-2.1% | $3,166-32.8% | $3,054-30.3% |
| Admin fee / account holder | $47 | $501-90.7% | $5,666-99.2% | $504-90.7% |