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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111 | Recordkeeping | $1,174 |
FARHAD HANASAB1 year Service code 27 625 S FAIRFAX AVE · LOS ANGELES, CA 90036 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $21,401 | $78,423-72.7% | $95,964-77.7% | $79,856-73.2% |
| Participation rate | 54.6% | 73.5%-18.9pp | 77.1%-22.4pp | 69.6%-15.0pp |
| Annual return | 13.13% | 19.37%-6.2pp | 91.64%-78.5pp | 31.71%-18.6pp |
| Employer contribution / active EE | $0 | $1,945-100.0% | $2,541-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $1,366 | $3,440-60.3% | $4,167-67.2% | $3,741-63.5% |
| Admin fee / account holder | $18 | $5,622-99.7% | $6,797-99.7% | $5,306-99.7% |