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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $8,382 |
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.
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 | $7,695 | $46,745-83.5% | $60,547-87.3% | $52,331-85.3% |
| Participation rate | 50.9% | 58.6%-7.6pp | 68.0%-17.0pp | 68.1%-17.2pp |
| Annual return | 9.32% | 0.61%+8.7pp | 335.64%-326.3pp | 4.54%+4.8pp |
| Employer contribution / active EE | $0 | $1,259-100.0% | $2,419-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,271 | $2,145-40.7% | $3,328-61.8% | $3,022-57.9% |
| Admin fee / account holder | $49 | $537-90.8% | $4,536-98.9% | $592-91.7% |