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 COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $3,897 |
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.
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 | $50,072 | $65,376-23.4% | $87,100-42.5% | $65,185-23.2% |
| Participation rate | 53.0% | 75.3%-22.3pp | 76.9%-23.9pp | 70.2%-17.2pp |
| Annual return | 20.37% | 31.27%-10.9pp | 28.19%-7.8pp | 29.38%-9.0pp |
| Employer contribution / active EE | $436 | $1,822-76.1% | $2,521-82.7% | $2,177-80.0% |
| Participant deferral / active EE | $2,097 | $3,388-38.1% | $4,049-48.2% | $3,514-40.3% |
| Admin fee / account holder | $31 | $520-94.0% | $7,497-99.6% | $847-96.3% |