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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 49 · EIN 04-1590850 | Other Services | $31,076 |
BDO USA, LLP2 years Service code 50 · EIN 13-5381590 | Direct Payment | $26,660 |
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.
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 | $5,933 | $23,224-74.5% | $71,089-91.7% | $55,725-89.4% |
| Participation rate | 68.8% | 37.9%+30.9pp | 54.6%+14.2pp | 70.9%-2.0pp |
| Annual return | -3.00% | -2.87%-0.1pp | 650.65%-653.6pp | 244.93%-247.9pp |
| Employer contribution / active EE | $200 | $436-54.2% | $1,088-81.6% | $2,078-90.4% |
| Participant deferral / active EE | $1,023 | $929+10.1% | $1,873-45.4% | $3,356-69.5% |
| Admin fee / account holder | $118 | $118+0.3% | $3,082-96.2% | $115+2.7% |