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 | $8,507 |
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.
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 | $12,458 | $46,173-73.0% | $170,442-92.7% | $69,631-82.1% |
| Participation rate | 68.1% | 63.9%+4.2pp | 83.6%-15.5pp | 70.7%-2.6pp |
| Annual return | 15.91% | 21.62%-5.7pp | 205.93%-190.0pp | 27571.02%-27555.1pp |
| Employer contribution / active EE | $112 | $1,610-93.1% | $5,433-97.9% | $2,032-94.5% |
| Participant deferral / active EE | $2,178 | $2,080+4.7% | $4,939-55.9% | $3,224-32.4% |
| Admin fee / account holder | $17 | $116-85.4% | $13,880-99.9% | $110-84.7% |