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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MINNESOTA LIFE INSURANCE, COMPANY Service code 13 · EIN 41-0417830 | Contract Administrator | $3,198 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,423 | $125,758-82.2% | $169,993-86.8% | $75,163-70.2% |
| Participation rate | 53.3% | 83.6%-30.3pp | 87.0%-33.7pp | 67.2%-13.9pp |
| Annual return | 22.24% | 27.20%-5.0pp | 53.37%-31.1pp | 160.62%-138.4pp |
| Employer contribution / active EE | $1,978 | $4,615-57.1% | $6,785-70.9% | $2,670-25.9% |
| Participant deferral / active EE | $4,115 | $6,837-39.8% | $10,408-60.5% | $4,125-0.2% |
| Admin fee / account holder | $28 | $8,173-99.7% | $12,815-99.8% | $5,651-99.5% |