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 COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $20,234 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,050 | $74,706-53.1% | $75,696-53.7% | $79,386-55.8% |
| Participation rate | 92.0% | 75.3%+16.7pp | 74.8%+17.2pp | 70.7%+21.3pp |
| Annual return | 17.56% | 18.52%-1.0pp | 104.53%-87.0pp | 116.85%-99.3pp |
| Employer contribution / active EE | $3,621 | $2,590+39.8% | $2,743+32.0% | $2,427+49.2% |
| Participant deferral / active EE | $5,679 | $3,533+60.7% | $3,821+48.6% | $4,046+40.4% |
| Admin fee / account holder | $85 | $374-77.2% | $3,619-97.6% | $626-86.4% |