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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $4,808 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $512 |
LOREN D. STARK COMPANY1 year Filed as: LOREN D STARK COMPANY INC Service code 49 · EIN 74-1537058 | Other Services | $0 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $85,803 | $37,436+129.2% | $77,513+10.7% | $79,858+7.4% |
| Participation rate | 31.3% | 41.5%-10.2pp | 54.2%-22.9pp | 69.6%-38.3pp |
| Annual return | 14.08% | 39.75%-25.7pp | 54.81%-40.7pp | 31.72%-17.6pp |
| Employer contribution / active EE | $634 | $637-0.5% | $987-35.7% | $2,471-74.3% |
| Participant deferral / active EE | $1,017 | $1,261-19.3% | $1,861-45.3% | $3,740-72.8% |
| Admin fee / account holder | $414 | $2,505-83.5% | $2,859-85.5% | $5,306-92.2% |