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| Provider | Service type | Compensation |
|---|---|---|
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 15 · EIN 31-1582098 | Recordkeeping | $7,911 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $443 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $68,158 | $50,385+35.3% | $75,501-9.7% | $62,293+9.4% |
| Participation rate | 55.7% | 67.7%-12.0pp | 72.4%-16.6pp | 69.5%-13.8pp |
| Annual return | 18.20% | 19.90%-1.7pp | 27.35%-9.2pp | 28.90%-10.7pp |
| Employer contribution / active EE | $1,219 | $1,537-20.7% | $2,352-48.2% | $2,042-40.3% |
| Participant deferral / active EE | $1,821 | $2,445-25.5% | $3,142-42.1% | $3,169-42.6% |
| Admin fee / account holder | $25 | $384-93.4% | $5,801-99.6% | $479-94.7% |