Filed October 17, 2023 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $1,730 |
FIRST CLEARING LLC4+ years Service code 22 · EIN 25-2384840 | Insurance Broker | $0 |
RELIANCE TRUST COMPANY4+ 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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $16,635 | $37,196-55.3% | $154,108-89.2% | $55,725-70.1% |
| Participation rate | 62.5% | 64.1%-1.6pp | 83.0%-20.5pp | 70.9%-8.4pp |
| Annual return | -6.46% | 1319.68%-1326.1pp | 735.21%-741.7pp | 244.93%-251.4pp |
| Employer contribution / active EE | $684 | $1,614-57.6% | $5,298-87.1% | $2,078-67.1% |
| Participant deferral / active EE | $2,775 | $2,068+34.2% | $5,081-45.4% | $3,356-17.3% |
| Admin fee / account holder | $5 | $102-94.6% | $13,411-100.0% | $115-95.3% |