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 | $2,083 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $89,257 | $58,726+52.0% | $92,233-3.2% | $62,292+43.3% |
| Participation rate | 52.1% | 68.3%-16.2pp | 76.5%-24.4pp | 69.5%-17.4pp |
| Annual return | 15.46% | 43.62%-28.2pp | 176.28%-160.8pp | 28.90%-13.4pp |
| Employer contribution / active EE | $633 | $2,392-73.5% | $3,679-82.8% | $2,042-69.0% |
| Participant deferral / active EE | $2,058 | $2,766-25.6% | $3,897-47.2% | $3,169-35.1% |
| Admin fee / account holder | $20 | $556-96.5% | $5,194-99.6% | $479-95.9% |