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 |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $2,840 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $16,462 | $36,916-55.4% | $156,549-89.5% | $57,658-71.4% |
| Participation rate | 34.1% | 63.4%-29.3pp | 84.0%-49.9pp | 70.2%-36.1pp |
| Annual return | 6.99% | 12.38%-5.4pp | 32.23%-25.2pp | 5.13%+1.9pp |
| Employer contribution / active EE | $102 | $1,571-93.5% | $5,501-98.1% | $1,974-94.8% |
| Participant deferral / active EE | $995 | $1,926-48.3% | $4,871-79.6% | $3,061-67.5% |
| Admin fee / account holder | $18 | $82-78.2% | $13,027-99.9% | $95-81.0% |