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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 38 · EIN 04-1590850 | Participant Communication | $356,724 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $67,225 |
Filed as: RAYMOND JAMES Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716 | Advisory (Plan) | $58,192 |
WITHUMSMITH+BROWN, PC4 years Filed as: RUBIN BROWN LLP Service code 10 · EIN 43-1933648 | Accounting | $13,000 |
Service code 16 · EIN 34-1820650 | Consulting | $500 |
Service code 26 · EIN 94-1737782 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,450 | $84,000-10.2% | $119,628-36.9% | $77,906-3.2% |
| Participation rate | 42.4% | 77.8%-35.5pp | 79.3%-36.9pp | 73.7%-31.3pp |
| Annual return | -16.33% | -11.59%-4.7pp | -14.98%-1.3pp | 12.16%-28.5pp |
| Employer contribution / active EE | $1,091 | $2,907-62.5% | $4,232-74.2% | $2,846-61.7% |
| Participant deferral / active EE | $2,385 | $4,705-49.3% | $5,601-57.4% | $4,805-50.4% |
| Admin fee / account holder | $173 | $116+49.6% | $10,330-98.3% | $133+30.7% |