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 8-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 | $2,357 |
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).
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 | $17,808 | $52,953-66.4% | $172,739-89.7% | $65,185-72.7% |
| Participation rate | 58.8% | 66.2%-7.4pp | 82.6%-23.8pp | 70.2%-11.4pp |
| Annual return | 20.47% | 30.12%-9.7pp | 802.84%-782.4pp | 29.38%-8.9pp |
| Employer contribution / active EE | $0 | $2,190-100.0% | $5,143-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $994 | $2,471-59.8% | $5,198-80.9% | $3,514-71.7% |
| Admin fee / account holder | $11 | $472-97.6% | $13,954-99.9% | $847-98.7% |