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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $5,542 |
Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850 | Recordkeeping | $360 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $59,590 | $64,909-8.2% | $82,312-27.6% | $62,293-4.3% |
| Participation rate | 28.9% | 74.9%-45.9pp | 76.9%-48.0pp | 69.5%-40.6pp |
| Annual return | 17.81% | 21.18%-3.4pp | 25.88%-8.1pp | 28.90%-11.1pp |
| Employer contribution / active EE | $632 | $1,676-62.3% | $2,428-74.0% | $2,042-69.1% |
| Participant deferral / active EE | $1,263 | $3,103-59.3% | $3,706-65.9% | $3,169-60.1% |
| Admin fee / account holder | $155 | $440-64.7% | $5,608-97.2% | $479-67.6% |