Filed September 7, 2023
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 COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $8,330 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $88,233 | $46,761+88.7% | $106,619-17.2% | $57,658+53.0% |
| Participation rate | 77.4% | 56.9%+20.5pp | 78.0%-0.6pp | 70.2%+7.2pp |
| Annual return | 7.20% | 15.77%-8.6pp | 9.42%-2.2pp | 5.13%+2.1pp |
| Employer contribution / active EE | $216 | $1,274-83.0% | $3,947-94.5% | $1,974-89.1% |
| Participant deferral / active EE | $2,700 | $1,954+38.2% | $3,930-31.3% | $3,061-11.8% |
| Admin fee / account holder | $12 | $97-87.7% | $6,418-99.8% | $95-87.4% |