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 | $3,990 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $60,093 | $63,299-5.1% | $91,001-34.0% | $62,292-3.5% |
| Participation rate | 52.4% | 73.3%-20.9pp | 75.6%-23.2pp | 69.5%-17.1pp |
| Annual return | 15.93% | 20.99%-5.1pp | 4.60%+11.3pp | 28.90%-13.0pp |
| Employer contribution / active EE | $198 | $1,807-89.0% | $2,456-91.9% | $2,042-90.3% |
| Participant deferral / active EE | $1,700 | $2,943-42.2% | $3,547-52.1% | $3,169-46.4% |
| Admin fee / account holder | $67 | $468-85.6% | $5,417-98.8% | $479-85.9% |