Filed October 17, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $795 |
FIRST CLEARING LLC2+ years Service code 22 · EIN 25-2384840 | Insurance Broker | $0 |
RELIANCE TRUST COMPANY2+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $16,038 | $36,916-56.6% | $156,551-89.8% | $57,658-72.2% |
| Participation rate | 60.9% | 63.4%-2.6pp | 84.0%-23.1pp | 70.2%-9.4pp |
| Annual return | 10.30% | 12.38%-2.1pp | 32.23%-21.9pp | 5.13%+5.2pp |
| Employer contribution / active EE | $619 | $1,571-60.6% | $5,501-88.7% | $1,974-68.6% |
| Participant deferral / active EE | $2,216 | $1,926+15.1% | $4,871-54.5% | $3,061-27.6% |
| Admin fee / account holder | $3 | $82-96.0% | $13,028-100.0% | $95-96.5% |