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: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $90,532 |
Filed as: MML INVESTORS SERVICES INC Service code 99 · EIN 04-2746212 | Other Fees | $40,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,269 | $56,485-16.3% | $185,823-74.6% | $86,799-45.5% |
| Participation rate | 54.8% | 65.5%-10.7pp | 81.7%-26.9pp | 72.3%-17.5pp |
| Annual return | 14.88% | 118.04%-103.2pp | 122.05%-107.2pp | 97.91%-83.0pp |
| Employer contribution / active EE | $816 | $1,843-55.7% | $5,167-84.2% | $2,405-66.1% |
| Participant deferral / active EE | $2,345 | $2,553-8.2% | $5,568-57.9% | $4,131-43.2% |
| Admin fee / account holder | $192 | $150+28.2% | $16,237-98.8% | $170+13.1% |