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 62 · EIN 04-1590850 | Float revenue; Recordkeeping fees | $15,491 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $4,631 |
ALLIANCE BENEFIT GROUP6 years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416 | Contract Administrator | $2,140 |
EQUITABLE ADVISORS LLC1 year Filed as: EQUITABLE FINANCIAL LIFE INSURANCE Service code 28 · EIN 13-5570651 | Investment Management | $66 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,995 | $45,602-16.7% | $117,472-67.7% | $66,914-43.2% |
| Participation rate | 46.7% | 57.6%-11.0pp | 70.6%-23.9pp | 69.8%-23.1pp |
| Annual return | -17.35% | -16.74%-0.6pp | 29.74%-47.1pp | 1.58%-18.9pp |
| Employer contribution / active EE | $1,479 | $1,579-6.3% | $4,176-64.6% | $2,544-41.9% |
| Participant deferral / active EE | $2,027 | $2,845-28.7% | $4,070-50.2% | $4,237-52.1% |
| Admin fee / account holder | $180 | $661-72.7% | $5,645-96.8% | $593-69.6% |