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 6-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 | $8,705 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $23,707 | $100,801-76.5% | $149,696-84.2% | $73,409-67.7% |
| Participation rate | 56.2% | 77.7%-21.5pp | 82.5%-26.3pp | 72.2%-16.0pp |
| Annual return | 16.36% | 265.34%-249.0pp | 276.60%-260.2pp | 59.29%-42.9pp |
| Employer contribution / active EE | $396 | $3,312-88.1% | $4,644-91.5% | $2,234-82.3% |
| Participant deferral / active EE | $2,747 | $6,404-57.1% | $6,842-59.9% | $3,805-27.8% |
| Admin fee / account holder | $38 | $181-79.2% | $9,309-99.6% | $158-76.2% |