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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 |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $7,899 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,726 | $64,871+18.3% | $129,110-40.6% | $66,914+14.7% |
| Participation rate | 35.0% | 74.0%-39.0pp | 77.3%-42.3pp | 69.8%-34.8pp |
| Annual return | -13.03% | -12.21%-0.8pp | -10.94%-2.1pp | 1.58%-14.6pp |
| Employer contribution / active EE | $0 | $3,741-100.0% | $5,052-100.0% | $2,544-100.0% |
| Participant deferral / active EE | $1,942 | $5,090-61.9% | $6,542-70.3% | $4,237-54.2% |
| Admin fee / account holder | $108 | $629-82.8% | $14,302-99.2% | $593-81.8% |