See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $5,159 |
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.
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 | $33,642 | $52,293-35.7% | $178,490-81.2% | $73,409-54.2% |
| Participation rate | 28.9% | 65.3%-36.5pp | 81.9%-53.0pp | 72.2%-43.3pp |
| Annual return | 13.40% | 34.75%-21.3pp | 151.07%-137.7pp | 59.29%-45.9pp |
| Employer contribution / active EE | $110 | $1,735-93.7% | $5,011-97.8% | $2,234-95.1% |
| Participant deferral / active EE | $1,346 | $2,332-42.3% | $5,202-74.1% | $3,805-64.6% |
| Admin fee / account holder | $34 | $127-73.0% | $13,984-99.8% | $158-78.2% |