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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,497 |
Service code 49 · EIN 36-3429599 | Other Services | $22 |
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 | $58,225 | $55,449+5.0% | $83,831-30.5% | $56,289+3.4% |
| Participation rate | 32.9% | 68.0%-35.1pp | 76.1%-43.3pp | 69.9%-37.0pp |
| Annual return | -6.54% | -1.38%-5.2pp | 850.99%-857.5pp | -9.96%+3.4pp |
| Employer contribution / active EE | $1,000 | $2,430-58.8% | $3,631-72.5% | $2,111-52.6% |
| Participant deferral / active EE | $2,237 | $2,935-23.8% | $4,082-45.2% | $3,350-33.2% |
| Admin fee / account holder | $18 | $656-97.3% | $5,479-99.7% | $521-96.5% |