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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $304 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $20,762 | $47,977-56.7% | $154,107-86.5% | $56,287-63.1% |
| Participation rate | 27.8% | 66.2%-38.4pp | 83.0%-55.3pp | 69.9%-42.1pp |
| Annual return | -5.67% | 3.54%-9.2pp | 735.12%-740.8pp | -9.96%+4.3pp |
| Employer contribution / active EE | $102 | $2,169-95.3% | $5,298-98.1% | $2,111-95.2% |
| Participant deferral / active EE | $743 | $2,392-68.9% | $5,081-85.4% | $3,350-77.8% |
| Admin fee / account holder | $96 | $438-78.0% | $13,411-99.3% | $521-81.5% |