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 COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $26,978 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,541 | $59,159-67.0% | $159,960-87.8% | $66,914-70.8% |
| Participation rate | 21.0% | 68.1%-47.1pp | 78.0%-56.9pp | 69.8%-48.8pp |
| Annual return | -19.05% | -12.26%-6.8pp | 408.60%-427.7pp | 1.58%-20.6pp |
| Employer contribution / active EE | $825 | $1,983-58.4% | $4,226-80.5% | $2,544-67.6% |
| Participant deferral / active EE | $1,578 | $4,395-64.1% | $6,182-74.5% | $4,237-62.8% |
| Admin fee / account holder | $310 | $591-47.5% | $8,698-96.4% | $593-47.7% |