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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $6,498 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,202 | $80,177-69.8% | $123,894-80.5% | $57,658-58.0% |
| Participation rate | 85.2% | 74.4%+10.7pp | 81.4%+3.8pp | 70.2%+15.0pp |
| Annual return | 11.69% | 17.90%-6.2pp | 47.52%-35.8pp | 5.13%+6.6pp |
| Employer contribution / active EE | $1,503 | $2,913-48.4% | $4,617-67.4% | $1,974-23.8% |
| Participant deferral / active EE | $4,063 | $5,130-20.8% | $5,984-32.1% | $3,061+32.8% |
| Admin fee / account holder | $22 | $106-79.5% | $8,357-99.7% | $95-76.9% |