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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: MASSACHUSSETS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $2,779 |
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401K ASSOCIATS Service code 55 · EIN 20-1181458 | Other Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $13,176 | $55,636-76.3% | $81,983-83.9% | $73,488-82.1% |
| Participation rate | 57.2% | 62.3%-5.1pp | 69.2%-12.0pp | 70.7%-13.5pp |
| Annual return | 15.95% | 19.07%-3.1pp | 41.31%-25.4pp | 28.51%-12.6pp |
| Employer contribution / active EE | $1,277 | $1,625-21.4% | $2,498-48.9% | $2,270-43.7% |
| Participant deferral / active EE | $1,546 | $2,762-44.0% | $3,722-58.5% | $3,740-58.7% |
| Admin fee / account holder | $51 | $493-89.6% | $5,664-99.1% | $513-90.0% |