Filed March 8, 2018
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 | $3,960 |
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 | $19,342 | $51,466-62.4% | $78,778-75.4% | $62,292-68.9% |
| Participation rate | 54.6% | 59.8%-5.1pp | 69.2%-14.5pp | 69.5%-14.9pp |
| Annual return | 16.93% | 19.96%-3.0pp | 35.62%-18.7pp | 28.90%-12.0pp |
| Employer contribution / active EE | $239 | $827-71.2% | $1,986-88.0% | $2,042-88.3% |
| Participant deferral / active EE | $1,797 | $2,147-16.3% | $2,958-39.2% | $3,169-43.3% |
| Admin fee / account holder | $27 | $489-94.4% | $5,134-99.5% | $479-94.3% |