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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $835 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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.
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 | $20,985 | $75,183-72.1% | $123,894-83.1% | $55,167-62.0% |
| Participation rate | 63.5% | 72.8%-9.3pp | 81.4%-17.9pp | 69.0%-5.5pp |
| Annual return | 8.09% | 19.01%-10.9pp | 47.52%-39.4pp | 169.23%-161.1pp |
| Employer contribution / active EE | $1,372 | $2,823-51.4% | $4,617-70.3% | $1,963-30.1% |
| Participant deferral / active EE | $2,270 | $5,084-55.3% | $5,984-62.1% | $3,054-25.7% |
| Admin fee / account holder | $11 | $663-98.4% | $8,357-99.9% | $504-97.8% |