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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $3,645 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $17,151 | $41,317-58.5% | $85,969-80.0% | $55,191-68.9% |
| Participation rate | 50.2% | 54.5%-4.3pp | 76.5%-26.4pp | 69.2%-19.0pp |
| Annual return | 1.30% | 3.93%-2.6pp | 9.32%-8.0pp | 10.78%-9.5pp |
| Employer contribution / active EE | $518 | $1,198-56.8% | $3,474-85.1% | $1,899-72.7% |
| Participant deferral / active EE | $1,287 | $1,914-32.8% | $3,829-66.4% | $3,046-57.8% |
| Admin fee / account holder | $18 | $97-81.7% | $6,053-99.7% | $91-80.4% |