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 COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $6,375 |
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.
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 | $31,667 | $39,458-19.7% | $60,547-47.7% | $55,191-42.6% |
| Participation rate | 19.6% | 59.6%-40.0pp | 68.0%-48.4pp | 69.2%-49.6pp |
| Annual return | 1.68% | 3.35%-1.7pp | 335.64%-334.0pp | 10.78%-9.1pp |
| Employer contribution / active EE | $183 | $1,210-84.8% | $2,419-92.4% | $1,899-90.3% |
| Participant deferral / active EE | $550 | $2,140-74.3% | $3,328-83.5% | $3,046-82.0% |
| Admin fee / account holder | $69 | $95-28.0% | $4,536-98.5% | $91-24.5% |