See peer percentile detail. $4.99 for your first month.
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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 COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $6,715 |
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.
Annual investment return 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 | $35,950 | $39,819-9.7% | $67,834-47.0% | $57,658-37.7% |
| Participation rate | 18.8% | 61.2%-42.5pp | 68.8%-50.0pp | 70.2%-51.5pp |
| Annual return | 3.53% | 9.19%-5.7pp | 138.47%-134.9pp | 5.13%-1.6pp |
| Employer contribution / active EE | $197 | $1,277-84.6% | $2,403-91.8% | $1,974-90.0% |
| Participant deferral / active EE | $576 | $2,209-73.9% | $3,160-81.8% | $3,061-81.2% |
| Admin fee / account holder | $23 | $84-73.0% | $4,622-99.5% | $95-76.1% |