Filed October 16, 2023
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 49 · EIN 04-1590850 | Other Services | $13,782 |
ALLIANCE BENEFIT GROUP2 years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $24,901 | $44,221-43.7% | $121,196-79.5% | $56,287-55.8% |
| Participation rate | 48.1% | 61.1%-13.0pp | 71.7%-23.7pp | 69.9%-21.8pp |
| Annual return | -1.46% | -3.58%+2.1pp | 16.93%-18.4pp | -9.96%+8.5pp |
| Employer contribution / active EE | $961 | $1,480-35.0% | $4,022-76.1% | $2,111-54.5% |
| Participant deferral / active EE | $1,295 | $2,521-48.6% | $3,344-61.3% | $3,350-61.3% |
| Admin fee / account holder | $131 | $480-72.7% | $5,019-97.4% | $521-74.8% |