Filed July 9, 2018
Total covered: 4 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 INSURANCE Service code 62 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 011110001 | Float revenue; Recordkeeping fees | $54,747 |
HAZARD & SIEGEL INC8+ years Filed as: HAZARD & SIEGEL, INC Service code 27 | Advisory (Plan) | $52,125 |
Filed as: EMPOWER LIFE INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $9,781 |
HAZARD & SIEGEL INC5 years Filed as: HAZARD & SIEGEL INC. Service code 27 · EIN 16-0954584 5793 WIDEWATERS PKWY · SYRACUSE, NY 13214 | Advisory (Plan) | $9,456 |
THE RETIREMENT ADVANTAGE INC8+ years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 13 · EIN 39-1816008 47 PARK PLACE · APPLETON, WI 549148233 | Contract Administrator | $6,216 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,018 | $102,553-47.3% | $151,611-64.4% | $66,914-19.3% |
| Participation rate | 74.5% | 85.5%-11.0pp | 87.5%-13.0pp | 69.8%+4.7pp |
| Annual return | -17.72% | -10.82%-6.9pp | 3.33%-21.0pp | 1.58%-19.3pp |
| Employer contribution / active EE | $2,843 | $4,180-32.0% | $6,166-53.9% | $2,544+11.7% |
| Participant deferral / active EE | $3,107 | $6,641-53.2% | $8,363-62.8% | $4,237-26.7% |
| Admin fee / account holder | $349 | $630-44.6% | $11,616-97.0% | $593-41.2% |