Filed January 30, 2017
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 8-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: MASS MUTUAL LIFE INSURANCE CO Service code 49 · EIN 04-1590850 | Other Services | $53,068 |
MY BENEFITS, LLC5+ years Filed as: MY BENEFITS LLC Service code 13 · EIN 45-2098380 | Contract Administrator | $3,422 |
Service code 13 · EIN 46-2023154 | Contract Administrator | $0 |
LPL FINANCIAL2 years Filed as: LPL FINANCIAL CORPORATION Service code 53 · EIN 95-2834236 | Insurance 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.
Annual investment return 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 | $11,607 | $56,485-79.5% | $185,823-93.8% | $86,799-86.6% |
| Participation rate | 54.7% | 65.5%-10.8pp | 81.7%-27.0pp | 72.3%-17.6pp |
| Annual return | 9.71% | 118.04%-108.3pp | 122.05%-112.3pp | 97.91%-88.2pp |
| Employer contribution / active EE | $956 | $1,843-48.1% | $5,167-81.5% | $2,405-60.2% |
| Participant deferral / active EE | $484 | $2,553-81.0% | $5,568-91.3% | $4,131-88.3% |
| Admin fee / account holder | $87 | $150-41.9% | $16,237-99.5% | $170-48.7% |