Filed May 24, 2022 (most recent of 2 filings on file)
Total covered: 20 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 8-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 | $8,895 |
RELIANCE TRUST COMPANY2 years Service code 19 · EIN 58-1428634 | Securities Custodian | $440 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $32,906 | $47,977-31.4% | $154,107-78.6% | $56,287-41.5% |
| Participation rate | 88.7% | 66.2%+22.5pp | 83.0%+5.6pp | 69.9%+18.8pp |
| Annual return | -2.08% | 3.54%-5.6pp | 735.12%-737.2pp | -9.96%+7.9pp |
| Employer contribution / active EE | $0 | $2,169-100.0% | $5,298-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $2,961 | $2,392+23.8% | $5,081-41.7% | $3,350-11.6% |
| Admin fee / account holder | $6 | $438-98.6% | $13,411-100.0% | $521-98.8% |