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 COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,454 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $44,918 | $58,879-23.7% | $178,490-74.8% | $73,488-38.9% |
| Participation rate | 24.6% | 66.2%-41.6pp | 81.9%-57.3pp | 70.7%-46.0pp |
| Annual return | 11.03% | 24.86%-13.8pp | 151.07%-140.0pp | 28.51%-17.5pp |
| Employer contribution / active EE | $280 | $2,236-87.5% | $5,011-94.4% | $2,270-87.7% |
| Participant deferral / active EE | $1,038 | $2,567-59.6% | $5,202-80.1% | $3,740-72.3% |
| Admin fee / account holder | $16 | $400-95.9% | $13,984-99.9% | $513-96.8% |