Filed August 1, 2023 (most recent of 2 filings on file)
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 COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $6,285 |
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 | $32,410 | $65,322-50.4% | $70,449-54.0% | $73,488-55.9% |
| Participation rate | 97.8% | 77.0%+20.8pp | 75.1%+22.7pp | 70.7%+27.1pp |
| Annual return | 16.21% | 15.71%+0.5pp | 109.03%-92.8pp | 28.51%-12.3pp |
| Employer contribution / active EE | $3,209 | $2,460+30.4% | $2,737+17.2% | $2,270+41.3% |
| Participant deferral / active EE | $5,712 | $3,375+69.2% | $3,709+54.0% | $3,740+52.7% |
| Admin fee / account holder | $27 | $214-87.4% | $3,845-99.3% | $513-94.7% |