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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,871 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
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 | $18,480 | $54,390-66.0% | $117,039-84.2% | $69,631-73.5% |
| Participation rate | 57.7% | 58.5%-0.9pp | 77.2%-19.5pp | 70.7%-13.0pp |
| Annual return | 11.31% | 18.33%-7.0pp | 18.95%-7.6pp | 27571.02%-27559.7pp |
| Employer contribution / active EE | $613 | $1,357-54.8% | $3,785-83.8% | $2,032-69.9% |
| Participant deferral / active EE | $1,478 | $2,076-28.8% | $3,929-62.4% | $3,224-54.1% |
| Admin fee / account holder | $33 | $98-66.7% | $5,974-99.5% | $110-70.5% |