Filed September 11, 2012
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 | Recordkeeping | $3,403 |
RELIANCE TRUST COMPANY1+ years Service code 25 · EIN 58-1428634 | Directed Trustee | $400 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $15 |
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 | $31,930 | $51,769-38.3% | $57,343-44.3% | $52,331-39.0% |
| Participation rate | 46.7% | 75.2%-28.5pp | 75.1%-28.4pp | 68.1%-21.4pp |
| Annual return | 0.60% | 2.43%-1.8pp | 24.39%-23.8pp | 4.54%-3.9pp |
| Employer contribution / active EE | $483 | $2,335-79.3% | $2,689-82.0% | $1,882-74.3% |
| Participant deferral / active EE | $1,494 | $2,794-46.5% | $3,162-52.8% | $3,022-50.6% |
| Admin fee / account holder | $25 | $295-91.4% | $3,356-99.2% | $592-95.7% |