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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Filed as: MINNESOTA LIFE INSURANCE Service code 13 · EIN 41-0417830 | Contract Administrator | $8,505 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $35,649 | $43,466-18.0% | $90,970-60.8% | $90,274-60.5% |
| Participation rate | 31.9% | 62.5%-30.5pp | 69.0%-37.1pp | 73.4%-41.4pp |
| Annual return | 30.93% | 25.26%+5.7pp | 134.58%-103.7pp | 53.97%-23.0pp |
| Employer contribution / active EE | $621 | $840-26.1% | $2,122-70.7% | $2,523-75.4% |
| Participant deferral / active EE | $1,272 | $2,138-40.5% | $3,373-62.3% | $4,231-69.9% |
| Admin fee / account holder | $12 | $92-86.7% | $5,960-99.8% | $114-89.3% |