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 COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,399 |
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.
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 | $23,267 | $53,925-56.9% | $75,670-69.3% | $69,631-66.6% |
| Participation rate | 15.2% | 71.2%-56.0pp | 72.3%-57.2pp | 70.7%-55.5pp |
| Annual return | 14.90% | 17.84%-2.9pp | 27.34%-12.4pp | 27571.02%-27556.1pp |
| Employer contribution / active EE | $557 | $1,802-69.1% | $2,352-76.3% | $2,032-72.6% |
| Participant deferral / active EE | $42 | $2,569-98.4% | $3,142-98.7% | $3,224-98.7% |
| Admin fee / account holder | $11 | $97-88.9% | $5,800-99.8% | $110-90.3% |