• Quantitative data on 1 MM U.S. public & private firms.
• Data is extracted from Form 5500 ERISA filings on welfare and retirement benefit plans.
• Benefit plan-level filings are aggregated to provide company level insights over time.
• Most pension plans covered by ERISA are required to file a Form 5500.
• Welfare plans with at least 100 participants at the beginning of the plan year are required to file a Form 5500.
• Coverage of Russell 3000 with granular data on pension plans, contributions, employment, etc.
• Data across multiple EINs, years, and schedules is harmonized for consistent insights.

• • Point in time:
    Point in time company-level data is mapped to Russell 3000 tickers from January 2013 to December 2019 with time stamps. RELIABLE: The data is extracted, ingested, and parsed from the DOL and IRS every month.
  • Harmonized & Normalized:
    Plan-level data is harmonized and rolled up to company-level insights as companies may file under multiple EINs and on different schedules throughout the year.

Test set:
Seven years of data is available for testing

• For quantitative and fundamental investors:
  Changes in benefit plans may signal changes in growth rates and financial health.
• For short-sellers:
  Deceleration in employee benefit contributions and programs may signal impending or continuing stock weakness.
• For ESG investors:
  The ability to compare employee benefit plans across all companies and industries at a high level of granularity.
• Employee Benefits:
  Do companies with better employee benefit plans outperform those with poor employee benefits?
• Red Flags / Credit analysis:
  Performance of companies that stop certain employee benefit plans.
• Growth trends:
  Growth rate of contributions and employees participating in benefit plans signal growth in earnings.
• Macro signals:
  Aggregated data and metrics on employment, contributions, and credit enable zip code level, MSA, and industry level analysis.

• Due diligence:
  High quality firmographics sourced from Form 5500 data (mandatory government filing).
  Consistent yearly longitudinal data for these companies.
  Estimated revenue for all private companies.
• Benchmarks:
  Industry analysis, regional analysis and hiring trends.
  Monitor employee growth rates by company and industry.
  Compare and benchmark employee benefit plans across all US private and public companies.
• Additional signals:
  Growth trends: Growth rate of contributions and employees participating in benefit plans signal growth in earnings for private companies.
  Macro signals: Aggregated data and metrics on employment, contributions, and credit for almost 1MM public and private companies enable zip code level, MSA and industry level analysis.