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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850 | Other Services | $46,502 |
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632 | Advisory (Plan) | $44,555 |
Filed as: BORIS BENIC AND ASSOCIATS LLP Service code 10 · EIN 54-2190047 | Accounting | $11,488 |
THE BENEFIT PRACTICE3 years Service code 50 · EIN 13-4144565 | Direct Payment | $8,055 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $227,264 | $65,378+247.6% | $87,103+160.9% | $65,186+248.6% |
| Participation rate | 87.3% | 75.3%+11.9pp | 76.9%+10.4pp | 70.2%+17.1pp |
| Annual return | 19.01% | 31.28%-12.3pp | 28.19%-9.2pp | 29.39%-10.4pp |
| Employer contribution / active EE | $5,805 | $1,823+218.5% | $2,521+130.2% | $2,177+166.7% |
| Participant deferral / active EE | $11,029 | $3,389+225.5% | $4,049+172.4% | $3,514+213.9% |
| Admin fee / account holder | $446 | $520-14.2% | $7,491-94.0% | $847-47.3% |