Filed December 28, 2022
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 INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $3,128 |
RELIANCE TRUST COMPANY4+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $220 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $28,859 | $37,196-22.4% | $154,107-81.3% | $55,725-48.2% |
| Participation rate | 67.9% | 64.1%+3.9pp | 83.0%-15.1pp | 70.9%-2.9pp |
| Annual return | -4.18% | 1319.68%-1323.9pp | 735.12%-739.3pp | 244.93%-249.1pp |
| Employer contribution / active EE | $1,020 | $1,614-36.8% | $5,298-80.8% | $2,078-50.9% |
| Participant deferral / active EE | $2,585 | $2,068+25.0% | $5,081-49.1% | $3,356-23.0% |
| Admin fee / account holder | $34 | $102-66.4% | $13,411-99.7% | $115-70.3% |