Filed November 17, 2017 (most recent of 2 filings on file)
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 | $5,945 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $9,092 | $57,103-84.1% | $87,507-89.6% | $57,658-84.2% |
| Participation rate | 31.5% | 64.3%-32.8pp | 73.8%-42.3pp | 70.2%-38.7pp |
| Annual return | 15.89% | 12.71%+3.2pp | 12.21%+3.7pp | 5.13%+10.8pp |
| Employer contribution / active EE | $416 | $1,107-62.5% | $2,550-83.7% | $1,974-78.9% |
| Participant deferral / active EE | $962 | $2,250-57.2% | $3,149-69.4% | $3,061-68.6% |
| Admin fee / account holder | $53 | $281-81.3% | $4,221-98.8% | $95-44.3% |