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 COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $3,454 |
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 | $49,142 | $73,638-33.3% | $95,952-48.8% | $73,488-33.1% |
| Participation rate | 54.7% | 76.2%-21.5pp | 77.1%-22.4pp | 70.7%-16.0pp |
| Annual return | 13.25% | 16.78%-3.5pp | 91.61%-78.4pp | 28.51%-15.3pp |
| Employer contribution / active EE | $436 | $1,863-76.6% | $2,541-82.9% | $2,270-80.8% |
| Participant deferral / active EE | $1,950 | $3,617-46.1% | $4,167-53.2% | $3,740-47.9% |
| Admin fee / account holder | $24 | $482-95.0% | $6,795-99.6% | $513-95.3% |