Filed April 12, 2022
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: MASSMUTUAL RETIREMENT SERVICES LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $23,432 |
BKD, LLP2+ years Filed as: DIXON HUGHES GOODMAN LLP Service code 14 · EIN 56-0747981 | Plan Administrator | $0 |
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY BARNEY, LLC Service code 22 · EIN 13-2655998 | Insurance Broker | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $9,371 | $39,819-76.5% | $67,834-86.2% | $57,658-83.7% |
| Participation rate | 46.0% | 61.2%-15.3pp | 68.8%-22.8pp | 70.2%-24.3pp |
| Annual return | 3.96% | 9.19%-5.2pp | 138.47%-134.5pp | 5.13%-1.2pp |
| Employer contribution / active EE | $341 | $1,277-73.3% | $2,403-85.8% | $1,974-82.7% |
| Participant deferral / active EE | $1,243 | $2,209-43.8% | $3,160-60.7% | $3,061-59.4% |
| Admin fee / account holder | $70 | $84-16.4% | $4,622-98.5% | $95-26.0% |