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 COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $13,481 |
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.
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 | $12,413 | $46,173-73.1% | $170,442-92.7% | $69,631-82.2% |
| Participation rate | 37.0% | 63.9%-26.9pp | 83.6%-46.6pp | 70.7%-33.7pp |
| Annual return | 15.95% | 21.62%-5.7pp | 205.93%-190.0pp | 27571.02%-27555.1pp |
| Employer contribution / active EE | $590 | $1,610-63.4% | $5,433-89.1% | $2,032-71.0% |
| Participant deferral / active EE | $1,060 | $2,080-49.1% | $4,939-78.5% | $3,224-67.1% |
| Admin fee / account holder | $67 | $116-41.9% | $13,880-99.5% | $110-39.0% |