Filed January 23, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
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: MASSACHUSETTS MUTUAL LIFE INS COMP Service code 27 DBA MML INVESTORS · SPRINGFIELD, MA 011029500 | Advisory (Plan) | $37,629 |
Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $34,270 |
Filed as: TEAL, BECKER & CHIARAMONTE, CPAS Service code 13 7 WASHINGTON SQUARE · ALBANY, NY 12205 | Contract Administrator | $2,838 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,721 | $101,955-29.7% | $112,887-36.5% | $71,457+0.4% |
| Participation rate | 97.0% | 82.1%+14.9pp | 80.5%+16.5pp | 67.9%+29.1pp |
| Annual return | 14.98% | 28.92%-13.9pp | 34.10%-19.1pp | 28.85%-13.9pp |
| Employer contribution / active EE | $1,364 | $4,743-71.2% | $4,563-70.1% | $2,588-47.3% |
| Participant deferral / active EE | $6,209 | $6,771-8.3% | $6,513-4.7% | $4,289+44.8% |
| Admin fee / account holder | $310 | $1,395-77.8% | $7,047-95.6% | $1,587-80.5% |