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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,307 |
Service code 49 · EIN 36-3429599 | Other Services | $20 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $43,295 | $50,385-14.1% | $75,501-42.7% | $62,293-30.5% |
| Participation rate | 62.3% | 67.7%-5.4pp | 72.4%-10.0pp | 69.5%-7.2pp |
| Annual return | 25.76% | 19.90%+5.9pp | 27.35%-1.6pp | 28.90%-3.1pp |
| Employer contribution / active EE | $657 | $1,537-57.2% | $2,352-72.1% | $2,042-67.8% |
| Participant deferral / active EE | $2,618 | $2,445+7.1% | $3,142-16.7% | $3,169-17.4% |
| Admin fee / account holder | $56 | $384-85.4% | $5,801-99.0% | $479-88.3% |