Filed July 19, 2024
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: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850 | Recordkeeping | $1,135 |
RELIANCE TRUST COMPANY2+ years Service code 19 | Securities Custodian | $132 |
MORNINGSTAR2+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381 | Other Services | $16 |
RELIANCE TRUST COMPANY2+ years Filed as: RELIANCE TRUT COMPANY Service code 19 · EIN 58-1428634 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $20,128 | $46,732-56.9% | $156,549-87.1% | $55,167-63.5% |
| Participation rate | 25.8% | 65.8%-40.0pp | 84.0%-58.2pp | 69.0%-43.2pp |
| Annual return | 10.43% | 17.72%-7.3pp | 32.23%-21.8pp | 169.23%-158.8pp |
| Employer contribution / active EE | $560 | $2,105-73.4% | $5,501-89.8% | $1,963-71.5% |
| Participant deferral / active EE | $848 | $2,204-61.6% | $4,871-82.6% | $3,054-72.3% |
| Admin fee / account holder | $20 | $418-95.2% | $13,027-99.8% | $504-96.0% |