Filed January 14, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $11,750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $58,608 | $46,173+26.9% | $170,435-65.6% | $69,631-15.8% |
| Participation rate | 53.4% | 63.9%-10.5pp | 83.6%-30.2pp | 70.7%-17.3pp |
| Annual return | 2.54% | 21.62%-19.1pp | 205.94%-203.4pp | 27571.02%-27568.5pp |
| Employer contribution / active EE | $2,102 | $1,610+30.6% | $5,432-61.3% | $2,032+3.5% |
| Participant deferral / active EE | $3,862 | $2,080+85.7% | $4,939-21.8% | $3,224+19.8% |
| Admin fee / account holder | $24 | $116-79.1% | $13,881-99.8% | $110-78.0% |