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 COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $9,883 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $33,151 | $51,288-35.4% | $81,983-59.6% | $73,409-54.8% |
| Participation rate | 32.2% | 64.0%-31.8pp | 69.2%-37.0pp | 72.2%-40.0pp |
| Annual return | 24.13% | 29.48%-5.4pp | 41.31%-17.2pp | 59.29%-35.2pp |
| Employer contribution / active EE | $354 | $1,487-76.2% | $2,498-85.8% | $2,234-84.1% |
| Participant deferral / active EE | $1,119 | $2,715-58.8% | $3,722-69.9% | $3,805-70.6% |
| Admin fee / account holder | $65 | $125-47.8% | $5,664-98.8% | $158-58.5% |