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 | $3,699 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $17,078 | $42,546-59.9% | $71,796-76.2% | $55,167-69.0% |
| Participation rate | 49.5% | 59.1%-9.7pp | 69.1%-19.7pp | 69.0%-19.5pp |
| Annual return | 6.35% | 12.36%-6.0pp | 78.04%-71.7pp | 169.23%-162.9pp |
| Employer contribution / active EE | $172 | $803-78.6% | $1,924-91.1% | $1,963-91.3% |
| Participant deferral / active EE | $1,284 | $2,064-37.8% | $2,794-54.0% | $3,054-58.0% |
| Admin fee / account holder | $27 | $650-95.8% | $4,815-99.4% | $504-94.6% |