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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $33,013 |
MCPHILLIPS, ROBERTS & DEANS, PLC2+ years Service code 13 · EIN 54-1921942 | Contract Administrator | $0 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $11,410 | $23,385-51.2% | $69,182-83.5% | $57,658-80.2% |
| Participation rate | 29.3% | 37.9%-8.6pp | 55.1%-25.8pp | 70.2%-40.9pp |
| Annual return | 2.61% | -659.34%+662.0pp | -21.93%+24.5pp | 5.13%-2.5pp |
| Employer contribution / active EE | $144 | $422-66.0% | $1,206-88.1% | $1,974-92.7% |
| Participant deferral / active EE | $704 | $843-16.4% | $1,897-62.9% | $3,061-77.0% |
| Admin fee / account holder | $185 | $82+125.8% | $2,697-93.1% | $95+96.2% |