Filed December 9, 2024
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 64 · EIN 04-1590850 | Recordkeeping Fees | $481,139 |
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES INS AGENCY I Service code 53 · EIN 51-0120742 | Insurance Commissions | $150,169 |
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 52 · EIN 84-0467907 | Indirect Investment Fees | $138,098 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,616 | $61,756+41.9% | $70,092+25.0% | $77,904+12.5% |
| Participation rate | 35.4% | 79.9%-44.5pp | 70.5%-35.1pp | 73.7%-38.3pp |
| Annual return | -13.64% | -11.86%-1.8pp | 190.73%-204.4pp | 12.21%-25.8pp |
| Employer contribution / active EE | $694 | $2,706-74.4% | $2,559-72.9% | $2,848-75.6% |
| Participant deferral / active EE | $1,727 | $3,977-56.6% | $3,849-55.1% | $4,806-64.1% |
| Admin fee / account holder | $401 | $101+296.1% | $6,267-93.6% | $133+202.8% |