the obvious answer statistically is it's slower than 1 minute.
The obvious answer runnerly, who can not be easily statistitized, is that a respectable 400m is faster than 1 minute.
If you can run 400m faster than 1 minute, you are fast. If you can't, you are slow. This is so obviously and cosmically the line between fast and slow, only an idiot would fail to recognize it.
Every poster who can't run 1 lap in under a minute, and knows what that means, must admit it is slow. Every poster who can would agree it is is logical. Fast middle and long-distance runners occasionally can't break 50, but none have been unable to break 60.
God gave us the minute. God gave us the lap. One lap, one minute.