Filed August 18, 2020
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 1295 STATE STREET · SPRINGFIELD, MA 01111 | Recordkeeping | $1,053 |
Service code 15 · EIN 27-0711617 PO BOX 180293 · MOBILE, AL 36618 | Recordkeeping | $0 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $29,427 | $51,466-42.8% | $78,778-62.6% | $62,292-52.8% |
| Participation rate | 73.6% | 59.8%+13.8pp | 69.2%+4.4pp | 69.5%+4.1pp |
| Annual return | 18.64% | 19.96%-1.3pp | 35.62%-17.0pp | 28.90%-10.3pp |
| Employer contribution / active EE | $436 | $827-47.3% | $1,986-78.0% | $2,042-78.7% |
| Participant deferral / active EE | $2,299 | $2,147+7.1% | $2,958-22.3% | $3,169-27.4% |
| Admin fee / account holder | $28 | $489-94.3% | $5,134-99.5% | $479-94.2% |