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 | $9,271 |
Filed as: MML INVESTORS SERVICES LLC Service code 99 · EIN 04-1590850 | Other Fees | $6,667 |
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $1,900 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $33,529 | $62,928-46.7% | $172,739-80.6% | $67,579-50.4% |
| Participation rate | 47.2% | 64.5%-17.3pp | 82.6%-35.5pp | 71.3%-24.1pp |
| Annual return | 23.71% | 30.36%-6.6pp | 802.84%-779.1pp | 378.56%-354.8pp |
| Employer contribution / active EE | $782 | $1,636-52.2% | $5,143-84.8% | $2,148-63.6% |
| Participant deferral / active EE | $1,913 | $2,145-10.8% | $5,198-63.2% | $3,539-45.9% |
| Admin fee / account holder | $9 | $167-94.6% | $13,954-99.9% | $142-93.6% |