Filed August 8, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $23,370 |
Service code 13 | Contract Administrator | $2,078 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $31,233 | $74,089-57.8% | $133,975-76.7% | $55,167-43.4% |
| Participation rate | 97.1% | 84.3%+12.8pp | 87.1%+10.0pp | 69.0%+28.1pp |
| Annual return | 10.40% | 12.11%-1.7pp | 29.29%-18.9pp | 169.23%-158.8pp |
| Employer contribution / active EE | $1,782 | $3,064-41.8% | $5,211-65.8% | $1,963-9.2% |
| Participant deferral / active EE | $2,605 | $4,678-44.3% | $6,282-58.5% | $3,054-14.7% |
| Admin fee / account holder | $69 | $458-84.9% | $9,324-99.3% | $504-86.3% |