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 COMPANY4+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $3,414 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $22,191 | $47,977-53.7% | $154,107-85.6% | $56,287-60.6% |
| Participation rate | 57.7% | 66.2%-8.5pp | 83.0%-25.4pp | 69.9%-12.2pp |
| Annual return | -6.87% | 3.54%-10.4pp | 735.12%-742.0pp | -9.96%+3.1pp |
| Employer contribution / active EE | $1,000 | $2,169-53.9% | $5,298-81.1% | $2,111-52.6% |
| Participant deferral / active EE | $3,169 | $2,392+32.5% | $5,081-37.6% | $3,350-5.4% |
| Admin fee / account holder | $36 | $438-91.9% | $13,411-99.7% | $521-93.2% |