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 | $14,746 |
ALLIANCE BENEFIT GROUP3 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 | $32,302 | $46,722-30.9% | $130,648-75.3% | $65,185-50.4% |
| Participation rate | 60.6% | 60.9%-0.3pp | 71.7%-11.1pp | 70.2%-9.6pp |
| Annual return | 23.22% | 24.17%-0.9pp | 1708.96%-1685.7pp | 29.38%-6.2pp |
| Employer contribution / active EE | $1,155 | $1,488-22.4% | $4,092-71.8% | $2,177-46.9% |
| Participant deferral / active EE | $1,683 | $2,545-33.9% | $3,603-53.3% | $3,514-52.1% |
| Admin fee / account holder | $118 | $453-74.0% | $5,464-97.8% | $847-86.1% |