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 COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $7,590 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,106 | $82,093-53.6% | $379,746-90.0% | $73,409-48.1% |
| Participation rate | 62.3% | 76.8%-14.5pp | 78.4%-16.1pp | 72.2%-9.8pp |
| Annual return | 20.21% | 18.89%+1.3pp | 34.90%-14.7pp | 59.29%-39.1pp |
| Employer contribution / active EE | $0 | $2,847-100.0% | $3,540-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $7,442 | $4,697+58.4% | $6,024+23.5% | $3,805+95.6% |
| Admin fee / account holder | $17 | $128-87.0% | $7,927-99.8% | $158-89.5% |