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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 62 · EIN 04-1590850 | Float revenue; Recordkeeping fees | $27,804 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $648 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,796 | $130,141-74.0% | $86,677-61.0% | $77,904-56.6% |
| Participation rate | 68.9% | 85.9%-17.0pp | 76.6%-7.7pp | 73.7%-4.8pp |
| Annual return | -12.83% | -12.75%-0.1pp | 35.91%-48.7pp | 12.21%-25.0pp |
| Employer contribution / active EE | $1,820 | $3,220-43.5% | $2,836-35.8% | $2,848-36.1% |
| Participant deferral / active EE | $2,840 | $5,757-50.7% | $4,656-39.0% | $4,806-40.9% |
| Admin fee / account holder | $29 | $132-78.0% | $7,493-99.6% | $133-78.1% |