Filed January 14, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $11,992 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,912 | $36,916+21.7% | $156,549-71.3% | $57,658-22.1% |
| Participation rate | 51.9% | 63.4%-11.5pp | 84.0%-32.1pp | 70.2%-18.3pp |
| Annual return | 28.69% | 12.38%+16.3pp | 32.23%-3.5pp | 5.13%+23.6pp |
| Employer contribution / active EE | $2,583 | $1,571+64.5% | $5,501-53.0% | $1,974+30.9% |
| Participant deferral / active EE | $3,845 | $1,926+99.7% | $4,871-21.1% | $3,061+25.6% |
| Admin fee / account holder | $22 | $82-73.8% | $13,027-99.8% | $95-77.1% |