Filed January 14, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $4,347 |
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 | $51,224 | $37,196+37.7% | $154,111-66.8% | $55,725-8.1% |
| Participation rate | 53.1% | 64.1%-11.0pp | 83.0%-29.9pp | 70.9%-17.8pp |
| Annual return | -6.00% | 1319.68%-1325.7pp | 735.18%-741.2pp | 244.93%-250.9pp |
| Employer contribution / active EE | $1,930 | $1,614+19.6% | $5,298-63.6% | $2,078-7.1% |
| Participant deferral / active EE | $3,714 | $2,068+79.6% | $5,081-26.9% | $3,356+10.7% |
| Admin fee / account holder | $8 | $102-92.5% | $13,411-99.9% | $115-93.4% |