Filed June 28, 2016
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 LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $21,656 |
RELIANCE TRUST COMPANY2 years Service code 19 · EIN 58-1428634 | Securities Custodian | $325 |
Service code 27 · EIN 61-1732930 | Advisory (Plan) | $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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $72,549 | $65,223+11.2% | $80,019-9.3% | $55,725+30.2% |
| Participation rate | 37.6% | 80.6%-42.9pp | 75.8%-38.2pp | 70.9%-33.2pp |
| Annual return | -2.52% | 7.59%-10.1pp | 11.22%-13.7pp | 244.93%-247.5pp |
| Employer contribution / active EE | $886 | $2,544-65.2% | $2,468-64.1% | $2,078-57.3% |
| Participant deferral / active EE | $1,539 | $3,881-60.3% | $3,686-58.2% | $3,356-54.1% |
| Admin fee / account holder | $68 | $114-40.7% | $6,521-99.0% | $115-41.2% |