Filed October 17, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FIRST CLEARING LLC3+ years Service code 22 · EIN 25-2384840 | Insurance Broker | $0 |
Filed as: MASS MUTUAL RETIREMENT SERVICES LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $0 |
RELIANCE TRUST COMPANY3+ 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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $20,284 | $46,173-56.1% | $170,435-88.1% | $69,631-70.9% |
| Participation rate | 62.5% | 63.9%-1.3pp | 83.6%-21.0pp | 70.7%-8.1pp |
| Annual return | 16.54% | 21.62%-5.1pp | 205.94%-189.4pp | 27571.02%-27554.5pp |
| Employer contribution / active EE | $799 | $1,610-50.4% | $5,432-85.3% | $2,032-60.7% |
| Participant deferral / active EE | $2,749 | $2,080+32.2% | $4,939-44.3% | $3,224-14.7% |
| Admin fee / account holder | $3 | $116-97.1% | $13,881-100.0% | $110-96.9% |