Filed October 17, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $1,740 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $44,869 | $41,281+8.7% | $109,313-59.0% | $57,658-22.2% |
| Participation rate | 57.0% | 59.3%-2.4pp | 71.3%-14.3pp | 70.2%-13.3pp |
| Annual return | 12.57% | 8.97%+3.6pp | 22.07%-9.5pp | 5.13%+7.4pp |
| Employer contribution / active EE | $1,607 | $1,201+33.8% | $3,892-58.7% | $1,974-18.6% |
| Participant deferral / active EE | $2,399 | $2,223+7.9% | $3,166-24.2% | $3,061-21.6% |
| Admin fee / account holder | $3 | $75-95.7% | $5,666-99.9% | $95-96.6% |