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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $5,559 |
Service code 14 · EIN 75-2866255 | Plan Administrator | $3,330 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $74 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $0 |
Service code 49 · EIN 36-3429599 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $41,417 | $46,072-10.1% | $69,779-40.6% | $55,167-24.9% |
| Participation rate | 57.4% | 67.5%-10.1pp | 71.8%-14.5pp | 69.0%-11.6pp |
| Annual return | 5.56% | 8.68%-3.1pp | 12.99%-7.4pp | 169.23%-163.7pp |
| Employer contribution / active EE | $629 | $1,500-58.1% | $2,338-73.1% | $1,963-68.0% |
| Participant deferral / active EE | $2,464 | $2,344+5.1% | $2,931-15.9% | $3,054-19.3% |
| Admin fee / account holder | $58 | $428-86.4% | $4,381-98.7% | $504-88.4% |