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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $11,763 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $30,404 | $47,922-36.6% | $75,901-59.9% | $65,185-53.4% |
| Participation rate | 30.8% | 63.0%-32.2pp | 69.3%-38.5pp | 70.2%-39.4pp |
| Annual return | 21.62% | 24.12%-2.5pp | 30.76%-9.1pp | 29.38%-7.8pp |
| Employer contribution / active EE | $0 | $1,557-100.0% | $2,501-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,363 | $2,550-46.5% | $3,603-62.2% | $3,514-61.2% |
| Admin fee / account holder | $166 | $532-68.8% | $5,420-96.9% | $847-80.4% |