Filed April 12, 2023
Total covered: 10 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 CO Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $10,089 |
ASCENSUS LLC1 year Filed as: ADMIN PARTNERS, LLC Service code 13 | Contract Administrator | $2,531 |
AB FUNDS1 year Service code 52 · EIN 13-4071393 | Indirect Investment Fees | $0 |
ADMINPARTNERS, LLC1 year Service code 13 · EIN 26-3310639 | Contract Administrator | $0 |
AMERICAN CENTURY1 year Service code 52 · EIN 43-1567889 | Indirect Investment Fees | $0 |
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037 | Indirect Investment Fees | $0 |
BLACKROCK1 year Service code 52 · EIN 51-0318674 | Indirect Investment Fees | $0 |
CALVERT1 year Service code 52 · EIN 52-1233223 | Indirect Investment Fees | $0 |
DWS FUNDS1 year Service code 52 · EIN 13-2661231 | Indirect Investment Fees | $0 |
EDWARD JONES1 year Service code 27 · EIN 43-0345811 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,636 | $49,227-13.4% | $70,449-39.5% | $79,858-46.6% |
| Participation rate | 100.0% | 69.2%+30.8pp | 75.1%+24.9pp | 69.6%+30.4pp |
| Annual return | 15.68% | 30.06%-14.4pp | 109.03%-93.3pp | 31.71%-16.0pp |
| Employer contribution / active EE | $3,673 | $2,099+75.0% | $2,737+34.2% | $2,471+48.6% |
| Participant deferral / active EE | $6,563 | $2,768+137.1% | $3,709+77.0% | $3,740+75.5% |
| Admin fee / account holder | $2,265 | $2,878-21.3% | $3,845-41.1% | $5,306-57.3% |