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| Provider | Service type | Compensation |
|---|---|---|
CBIZ RETIREMENT PLAN SERVICES4+ years Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 15 · EIN 31-1582098 | Recordkeeping | $1,125 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $760 |
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 | $68,668 | $43,504+57.8% | $68,612+0.1% | $56,289+22.0% |
| Participation rate | 55.1% | 67.8%-12.8pp | 72.2%-17.2pp | 69.9%-14.8pp |
| Annual return | -6.37% | -3.15%-3.2pp | -4.63%-1.7pp | -9.96%+3.6pp |
| Employer contribution / active EE | $1,341 | $1,525-12.1% | $2,625-48.9% | $2,111-36.5% |
| Participant deferral / active EE | $2,029 | $2,509-19.1% | $3,311-38.7% | $3,350-39.4% |
| Admin fee / account holder | $20 | $515-96.1% | $5,131-99.6% | $521-96.2% |