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 COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $8,877 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $48,244 | $65,376-26.2% | $87,100-44.6% | $65,185-26.0% |
| Participation rate | 39.5% | 75.3%-35.8pp | 76.9%-37.4pp | 70.2%-30.7pp |
| Annual return | 24.96% | 31.27%-6.3pp | 28.19%-3.2pp | 29.38%-4.4pp |
| Employer contribution / active EE | $745 | $1,822-59.1% | $2,521-70.5% | $2,177-65.8% |
| Participant deferral / active EE | $1,983 | $3,388-41.5% | $4,049-51.0% | $3,514-43.6% |
| Admin fee / account holder | $75 | $520-85.6% | $7,497-99.0% | $847-91.2% |