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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,500 |
Service code 49 · EIN 36-3429599 | Other Services | $27 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $70,531 | $63,114+11.8% | $92,909-24.1% | $65,185+8.2% |
| Participation rate | 34.6% | 68.8%-34.2pp | 76.0%-41.4pp | 70.2%-35.6pp |
| Annual return | 19.07% | 28.75%-9.7pp | 109.44%-90.4pp | 29.38%-10.3pp |
| Employer contribution / active EE | $1,132 | $2,571-56.0% | $3,653-69.0% | $2,177-48.0% |
| Participant deferral / active EE | $2,556 | $3,108-17.8% | $4,238-39.7% | $3,514-27.3% |
| Admin fee / account holder | $16 | $624-97.4% | $5,795-99.7% | $847-98.1% |