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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $21,055 |
NOVA 401(K) ASSOCIATES4 years Service code 13 · EIN 20-1151458 | Contract Administrator | $3,912 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,892 | $94,833-65.3% | $75,714-56.6% | $86,821-62.1% |
| Participation rate | 46.7% | 79.1%-32.4pp | 74.8%-28.2pp | 72.3%-25.6pp |
| Annual return | 18.84% | 16.91%+1.9pp | 104.62%-85.8pp | 97.94%-79.1pp |
| Employer contribution / active EE | $633 | $2,904-78.2% | $2,744-76.9% | $2,406-73.7% |
| Participant deferral / active EE | $1,762 | $3,632-51.5% | $3,820-53.9% | $4,132-57.4% |
| Admin fee / account holder | $111 | $109+1.8% | $3,619-96.9% | $170-34.8% |