Filed October 17, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $900 |
RELIANCE TRUST COMPANY5+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $240 |
FIRST CLEARING LLC5+ years Service code 22 · EIN 25-2384840 | Insurance Broker | $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 | $19,940 | $62,928-68.3% | $172,752-88.5% | $67,579-70.5% |
| Participation rate | 54.5% | 64.5%-10.0pp | 82.6%-28.2pp | 71.3%-16.8pp |
| Annual return | 24.44% | 30.36%-5.9pp | 802.97%-778.5pp | 378.56%-354.1pp |
| Employer contribution / active EE | $682 | $1,636-58.3% | $5,144-86.7% | $2,148-68.2% |
| Participant deferral / active EE | $2,447 | $2,145+14.1% | $5,198-52.9% | $3,539-30.9% |
| Admin fee / account holder | $6 | $167-96.3% | $13,955-100.0% | $142-95.7% |