Filed October 18, 2004
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY10+ years Service code 12 · EIN 41-0417830 | Recordkeeping and information managem... | $31,598 |
Filed as: COMMONWEALTH FINANCIAL Service code 27 · EIN 04-2675571 | Advisory (Plan) | $21,564 |
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 | $52,677 | $55,415-4.9% | $155,509-66.1% | $74,495-29.3% |
| Participation rate | 68.7% | 61.9%+6.8pp | 78.2%-9.5pp | 67.2%+1.5pp |
| Annual return | 13.10% | 268.50%-255.4pp | 64.67%-51.6pp | 1364.94%-1351.8pp |
| Employer contribution / active EE | $1,107 | $2,267-51.1% | $4,672-76.3% | $2,623-57.8% |
| Participant deferral / active EE | $2,952 | $2,836+4.1% | $5,626-47.5% | $4,346-32.1% |
| Admin fee / account holder | $192 | $1,738-88.9% | $15,912-98.8% | $1,942-90.1% |