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 | $4,007 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $34,151 | $45,324-24.7% | $122,342-72.1% | $69,631-51.0% |
| Participation rate | 100.0% | 59.9%+40.1pp | 71.6%+28.4pp | 70.7%+29.3pp |
| Annual return | 15.72% | 25.35%-9.6pp | 30.28%-14.6pp | 27571.02%-27555.3pp |
| Employer contribution / active EE | $2,124 | $1,230+72.7% | $4,051-47.6% | $2,032+4.5% |
| Participant deferral / active EE | $2,725 | $2,367+15.1% | $3,287-17.1% | $3,224-15.5% |
| Admin fee / account holder | $5 | $87-94.4% | $5,478-99.9% | $110-95.6% |