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 COMPANY8+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $5,736 |
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 | $29,127 | $65,557-55.6% | $64,056-54.5% | $71,457-59.2% |
| Participation rate | 94.3% | 73.2%+21.1pp | 72.3%+22.0pp | 67.9%+26.4pp |
| Annual return | 22.73% | 18.94%+3.8pp | 33.69%-11.0pp | 28.85%-6.1pp |
| Employer contribution / active EE | $2,889 | $2,669+8.2% | $2,747+5.2% | $2,588+11.6% |
| Participant deferral / active EE | $4,625 | $3,626+27.6% | $3,880+19.2% | $4,289+7.8% |
| Admin fee / account holder | $17 | $616-97.2% | $3,068-99.4% | $1,587-98.9% |