Filed November 4, 2021 (most recent of 2 filings on file)
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 | $7,186 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $8,610 | $37,117-76.8% | $147,614-94.2% | $55,191-84.4% |
| Participation rate | 46.2% | 63.6%-17.4pp | 84.6%-38.4pp | 69.2%-22.9pp |
| Annual return | 28.05% | 3.44%+24.6pp | 61.98%-33.9pp | 10.78%+17.3pp |
| Employer contribution / active EE | $606 | $1,620-62.6% | $5,564-89.1% | $1,899-68.1% |
| Participant deferral / active EE | $995 | $1,985-49.9% | $4,895-79.7% | $3,046-67.3% |
| Admin fee / account holder | $48 | $86-44.4% | $11,611-99.6% | $91-47.6% |