Filed February 1, 2023 (most recent of 6 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 15 · EIN 04-1590850 | Recordkeeping | $1,044 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,866 | $136,307-76.6% | $177,821-82.1% | $73,488-56.6% |
| Participation rate | 76.1% | 86.1%-10.0pp | 87.7%-11.6pp | 70.7%+5.4pp |
| Annual return | 23.25% | 18.68%+4.6pp | 48.32%-25.1pp | 28.51%-5.3pp |
| Employer contribution / active EE | $0 | $3,712-100.0% | $5,918-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $3,215 | $5,829-44.8% | $7,714-58.3% | $3,740-14.0% |
| Admin fee / account holder | $15 | $596-97.4% | $12,427-99.9% | $513-97.0% |