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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,050 |
CBIZ RETIREMENT PLAN SERVICES1+ years Filed as: CBIZ BENEFITS & INSURANCE SVCS INC Service code 27 · EIN 31-1582098 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $25,312 | $32,425-21.9% | $74,577-66.1% | $55,167-54.1% |
| Participation rate | 40.4% | 54.0%-13.6pp | 68.1%-27.7pp | 69.0%-28.6pp |
| Annual return | 46.27% | 10.63%+35.6pp | 20.47%+25.8pp | 169.23%-123.0pp |
| Employer contribution / active EE | $701 | $1,043-32.8% | $2,525-72.2% | $1,963-64.3% |
| Participant deferral / active EE | $931 | $1,995-53.3% | $3,458-73.1% | $3,054-69.5% |
| Admin fee / account holder | $13 | $748-98.2% | $4,138-99.7% | $504-97.4% |