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 9-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 INS CO Service code 62 · EIN 04-1590850 | Recordkeeping fees; Float revenue | $14,904 |
Filed as: THE MICHIGAN PENSION GROUP, INC Service code 13 | Contract Administrator | $3,436 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $2,578 |
THE MICHIGAN PENSION GROUP, INC.6+ years Service code 13 · EIN 38-2781642 | Contract Administrator | $1,033 |
MMLIS1 year Service code 55 | Other Commissions | $866 |
Filed as: MML INVESTORS SERVICES INC Service code 55 1295 STATE STREET · SPRINGFIELD, MA 011110001 | Other Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,721 | $46,292-81.2% | $143,757-93.9% | $64,808-86.5% |
| Participation rate | 35.2% | 64.2%-29.0pp | 80.3%-45.1pp | 71.5%-36.3pp |
| Annual return | -16.04% | -10.05%-6.0pp | -0.04%-16.0pp | 32.82%-48.9pp |
| Employer contribution / active EE | $152 | $1,910-92.0% | $4,951-96.9% | $2,506-93.9% |
| Participant deferral / active EE | $716 | $2,646-72.9% | $5,637-87.3% | $4,310-83.4% |
| Admin fee / account holder | $132 | $154-14.0% | $14,673-99.1% | $188-29.6% |