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 13 · EIN 04-1590850 | Contract Administrator | $18,201 |
ALLIANCE BENEFIT GROUP4 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 | $38,994 | $53,901-27.7% | $134,143-70.9% | $73,488-46.9% |
| Participation rate | 61.5% | 62.8%-1.3pp | 72.2%-10.6pp | 70.7%-9.1pp |
| Annual return | 14.58% | 15.82%-1.2pp | 36.33%-21.8pp | 28.51%-13.9pp |
| Employer contribution / active EE | $1,227 | $1,458-15.9% | $3,704-66.9% | $2,270-46.0% |
| Participant deferral / active EE | $1,894 | $2,739-30.9% | $3,499-45.9% | $3,740-49.4% |
| Admin fee / account holder | $171 | $581-70.5% | $6,684-97.4% | $513-66.6% |