Filed March 2, 2020 (most recent of 6 filings on file)
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 COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $39,814 |
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 | $47,793 | $68,413-30.1% | $123,104-61.2% | $55,191-13.4% |
| Participation rate | 99.4% | 84.5%+14.9pp | 86.8%+12.7pp | 69.2%+30.3pp |
| Annual return | 2.56% | 6.30%-3.7pp | 13.22%-10.7pp | 10.78%-8.2pp |
| Employer contribution / active EE | $2,196 | $3,050-28.0% | $5,151-57.4% | $1,899+15.6% |
| Participant deferral / active EE | $3,598 | $4,490-19.9% | $6,230-42.2% | $3,046+18.1% |
| Admin fee / account holder | $39 | $88-55.5% | $9,015-99.6% | $91-56.9% |