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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $21,610 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $60,612 | $54,320+11.6% | $67,652-10.4% | $52,331+15.8% |
| Participation rate | 59.3% | 73.6%-14.2pp | 75.7%-16.3pp | 68.1%-8.8pp |
| Annual return | 2.96% | 6.81%-3.8pp | 6625.40%-6622.4pp | 4.54%-1.6pp |
| Employer contribution / active EE | $0 | $1,544-100.0% | $2,266-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $3,370 | $2,950+14.2% | $3,560-5.3% | $3,022+11.5% |
| Admin fee / account holder | $243 | $527-53.9% | $4,821-95.0% | $592-59.0% |