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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $21,782 |
Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632 | Other Services | $13,072 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $21,049 | $47,922-56.1% | $75,901-72.3% | $65,185-67.7% |
| Participation rate | 50.7% | 63.0%-12.3pp | 69.3%-18.6pp | 70.2%-19.5pp |
| Annual return | 18.71% | 24.12%-5.4pp | 30.76%-12.0pp | 29.38%-10.7pp |
| Employer contribution / active EE | $295 | $1,557-81.1% | $2,501-88.2% | $2,177-86.5% |
| Participant deferral / active EE | $1,485 | $2,550-41.8% | $3,603-58.8% | $3,514-57.7% |
| Admin fee / account holder | $317 | $532-40.4% | $5,420-94.2% | $847-62.6% |