Filed January 23, 2023
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: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $8,174 |
Filed as: MML INVESTORS SERVICES LLC Service code 99 · EIN 04-1590850 | Other Fees | $6,667 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $113 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,226 | $52,953-33.5% | $172,739-79.6% | $65,185-46.0% |
| Participation rate | 50.0% | 66.2%-16.2pp | 82.6%-32.6pp | 70.2%-20.2pp |
| Annual return | 18.78% | 30.12%-11.3pp | 802.84%-784.1pp | 29.38%-10.6pp |
| Employer contribution / active EE | $608 | $2,190-72.2% | $5,143-88.2% | $2,177-72.1% |
| Participant deferral / active EE | $2,539 | $2,471+2.8% | $5,198-51.2% | $3,514-27.7% |
| Admin fee / account holder | $54 | $472-88.6% | $13,954-99.6% | $847-93.6% |