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 8-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: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $12,873 |
NOVA 401(K) ASSOCIATES3 years Service code 13 · EIN 20-1151458 | Contract Administrator | $2,884 |
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.
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 | $28,578 | $84,948-66.4% | $70,449-59.4% | $73,409-61.1% |
| Participation rate | 48.1% | 79.9%-31.8pp | 75.1%-26.9pp | 72.2%-24.0pp |
| Annual return | 22.67% | 13.39%+9.3pp | 109.03%-86.4pp | 59.29%-36.6pp |
| Employer contribution / active EE | $463 | $2,834-83.7% | $2,737-83.1% | $2,234-79.3% |
| Participant deferral / active EE | $1,761 | $3,387-48.0% | $3,709-52.5% | $3,805-53.7% |
| Admin fee / account holder | $75 | $98-23.5% | $3,845-98.0% | $158-52.5% |