Filed September 28, 2016 (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 COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $3,775 |
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).
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 | $39,682 | $98,982-59.9% | $162,163-75.5% | $65,185-39.1% |
| Participation rate | 54.5% | 85.8%-31.3pp | 87.6%-33.1pp | 70.2%-15.7pp |
| Annual return | 23.88% | 24.84%-1.0pp | 115.59%-91.7pp | 29.38%-5.5pp |
| Employer contribution / active EE | $1,146 | $3,467-66.9% | $5,614-79.6% | $2,177-47.3% |
| Participant deferral / active EE | $5,358 | $5,384-0.5% | $7,298-26.6% | $3,514+52.5% |
| Admin fee / account holder | $23 | $596-96.2% | $10,843-99.8% | $847-97.3% |