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 COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $8,917 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,665 | $36,916-73.8% | $156,549-93.8% | $57,658-83.2% |
| Participation rate | 69.6% | 63.4%+6.1pp | 84.0%-14.4pp | 70.2%-0.7pp |
| Annual return | 9.59% | 12.38%-2.8pp | 32.23%-22.6pp | 5.13%+4.5pp |
| Employer contribution / active EE | $113 | $1,571-92.8% | $5,501-97.9% | $1,974-94.3% |
| Participant deferral / active EE | $2,145 | $1,926+11.4% | $4,871-56.0% | $3,061-29.9% |
| Admin fee / account holder | $18 | $82-77.7% | $13,027-99.9% | $95-80.6% |