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 6-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 | $9,351 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,099 | $70,879-74.5% | $189,557-90.5% | $79,386-77.2% |
| Participation rate | 25.0% | 68.0%-43.0pp | 78.4%-53.4pp | 70.7%-45.7pp |
| Annual return | 16.32% | 20.70%-4.4pp | 64.17%-47.8pp | 116.85%-100.5pp |
| Employer contribution / active EE | $814 | $1,806-55.0% | $4,412-81.6% | $2,427-66.5% |
| Participant deferral / active EE | $1,380 | $4,081-66.2% | $6,174-77.6% | $4,046-65.9% |
| Admin fee / account holder | $110 | $647-83.0% | $9,807-98.9% | $626-82.4% |