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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY5+ years Filed as: MINNESOTA LIFE INSURANCE Service code 13 · EIN 41-0417830 | Contract Administrator | $29,586 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,526 | $44,626-20.4% | $86,216-58.8% | $80,157-55.7% |
| Participation rate | 32.9% | 63.5%-30.6pp | 69.0%-36.0pp | 72.9%-40.0pp |
| Annual return | 22.30% | 19.61%+2.7pp | 1169.42%-1147.1pp | 40.39%-18.1pp |
| Employer contribution / active EE | $727 | $1,099-33.9% | $2,382-69.5% | $2,977-75.6% |
| Participant deferral / active EE | $1,556 | $2,769-43.8% | $3,986-61.0% | $5,015-69.0% |
| Admin fee / account holder | $24 | $133-82.0% | $6,853-99.7% | $145-83.5% |