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 | $770 |
RELIANCE TRUST COMPANY6+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $240 |
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 | $27,863 | $52,293-46.7% | $178,499-84.4% | $73,412-62.0% |
| Participation rate | 50.9% | 65.3%-14.5pp | 81.9%-31.1pp | 72.2%-21.3pp |
| Annual return | 34.19% | 34.75%-0.6pp | 151.10%-116.9pp | 59.30%-25.1pp |
| Employer contribution / active EE | $792 | $1,735-54.3% | $5,011-84.2% | $2,234-64.5% |
| Participant deferral / active EE | $3,104 | $2,332+33.1% | $5,202-40.3% | $3,806-18.4% |
| Admin fee / account holder | $6 | $127-95.2% | $13,986-100.0% | $158-96.2% |