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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Filed as: MINNESOTA LIFE INSURANCE Service code 13 · EIN 31-0417830 | Contract Administrator | $899 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $26,739 | $40,113-33.3% | $84,021-68.2% | $77,775-65.6% |
| Participation rate | 31.1% | 62.8%-31.7pp | 69.0%-38.0pp | 73.2%-42.1pp |
| Annual return | 0.00% | 23.27%-23.3pp | 71.32%-71.3pp | 32.58%-32.6pp |
| Employer contribution / active EE | $401 | $847-52.7% | $1,984-79.8% | $2,504-84.0% |
| Participant deferral / active EE | $799 | $2,030-60.6% | $3,239-75.3% | $3,966-79.9% |
| Admin fee / account holder | $2 | $92-98.0% | $6,102-100.0% | $100-98.1% |