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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $10,316 |
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.
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 | $17,296 | $46,732-63.0% | $156,551-89.0% | $55,167-68.6% |
| Participation rate | 64.7% | 65.8%-1.1pp | 84.0%-19.3pp | 69.0%-4.3pp |
| Annual return | 7.90% | 17.72%-9.8pp | 32.23%-24.3pp | 169.23%-161.3pp |
| Employer contribution / active EE | $255 | $2,105-87.9% | $5,501-95.4% | $1,963-87.0% |
| Participant deferral / active EE | $1,575 | $2,204-28.6% | $4,871-67.7% | $3,054-48.4% |
| Admin fee / account holder | $35 | $418-91.6% | $13,028-99.7% | $504-93.0% |