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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $852 |
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 15 · EIN 31-1582098 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $55,150 | $46,072+19.7% | $69,779-21.0% | $55,1670% |
| Participation rate | 58.2% | 67.5%-9.2pp | 71.8%-13.6pp | 69.0%-10.8pp |
| Annual return | 7.45% | 8.68%-1.2pp | 12.99%-5.5pp | 169.23%-161.8pp |
| Employer contribution / active EE | $1,194 | $1,500-20.4% | $2,338-49.0% | $1,963-39.2% |
| Participant deferral / active EE | $1,819 | $2,344-22.4% | $2,931-37.9% | $3,054-40.5% |
| Admin fee / account holder | $9 | $428-98.0% | $4,381-99.8% | $504-98.3% |