Filed March 8, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $3,728 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $15,457 | $39,245-60.6% | $64,105-75.9% | $52,331-70.5% |
| Participation rate | 53.4% | 58.2%-4.8pp | 68.2%-14.8pp | 68.1%-14.7pp |
| Annual return | -0.27% | 14.79%-15.1pp | 791.24%-791.5pp | 4.54%-4.8pp |
| Employer contribution / active EE | $198 | $736-73.1% | $1,820-89.1% | $1,882-89.5% |
| Participant deferral / active EE | $1,423 | $1,992-28.6% | $2,822-49.6% | $3,022-52.9% |
| Admin fee / account holder | $28 | $592-95.3% | $4,499-99.4% | $592-95.3% |