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 COMPANY9+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $42,186 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,711 | $100,227-38.4% | $169,993-63.7% | $74,419-17.1% |
| Participation rate | 99.2% | 87.3%+11.9pp | 87.0%+12.2pp | 70.7%+28.5pp |
| Annual return | 18.69% | 66.08%-47.4pp | 53.37%-34.7pp | 34.38%-15.7pp |
| Employer contribution / active EE | $3,457 | $4,263-18.9% | $6,785-49.0% | $2,637+31.1% |
| Participant deferral / active EE | $5,860 | $7,143-18.0% | $10,408-43.7% | $4,528+29.4% |
| Admin fee / account holder | $27 | $234-88.6% | $12,815-99.8% | $348-92.3% |