Filed October 25, 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: MASSMUTUAL LIFE Service code 15 · EIN 04-1590850 | Recordkeeping | $3,091 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $75,758 | $52,884+43.3% | $84,750-10.6% | $55,167+37.3% |
| Participation rate | 51.5% | 67.5%-16.0pp | 76.6%-25.1pp | 69.0%-17.5pp |
| Annual return | 7.27% | 18.03%-10.8pp | 22.78%-15.5pp | 169.23%-162.0pp |
| Employer contribution / active EE | $625 | $2,233-72.0% | $3,574-82.5% | $1,963-68.2% |
| Participant deferral / active EE | $2,088 | $2,644-21.0% | $3,712-43.8% | $3,054-31.6% |
| Admin fee / account holder | $29 | $581-95.0% | $5,332-99.5% | $504-94.3% |