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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $856 |
CBIZ RETIREMENT PLAN SERVICES5+ years Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 15 · EIN 31-1582098 | Recordkeeping | $250 |
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 | $84,472 | $50,666+66.7% | $76,657+10.2% | $65,185+29.6% |
| Participation rate | 56.6% | 68.8%-12.3pp | 72.1%-15.5pp | 70.2%-13.6pp |
| Annual return | 26.07% | 28.51%-2.4pp | 1166.74%-1140.7pp | 29.38%-3.3pp |
| Employer contribution / active EE | $1,424 | $1,575-9.6% | $2,303-38.2% | $2,177-34.6% |
| Participant deferral / active EE | $2,238 | $2,647-15.5% | $3,335-32.9% | $3,514-36.3% |
| Admin fee / account holder | $11 | $463-97.7% | $6,423-99.8% | $847-98.7% |