Filed April 18, 2024
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 COMPANY4+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $6,348 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $94,742 | $59,186+60.1% | $76,768+23.4% | $56,287+68.3% |
| Participation rate | 92.2% | 75.2%+17.0pp | 77.0%+15.2pp | 69.9%+22.4pp |
| Annual return | -3.93% | 6.62%-10.5pp | 2.43%-6.4pp | -9.96%+6.0pp |
| Employer contribution / active EE | $1,645 | $1,759-6.5% | $2,485-33.8% | $2,111-22.1% |
| Participant deferral / active EE | $6,609 | $3,255+103.0% | $3,852+71.6% | $3,350+97.3% |
| Admin fee / account holder | $25 | $489-94.9% | $6,675-99.6% | $521-95.2% |