Filed January 14, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $7,282 |
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 | $59,774 | $62,928-5.0% | $172,739-65.4% | $67,579-11.5% |
| Participation rate | 53.3% | 64.5%-11.1pp | 82.6%-29.3pp | 71.3%-17.9pp |
| Annual return | 29.32% | 30.36%-1.0pp | 802.84%-773.5pp | 378.56%-349.2pp |
| Employer contribution / active EE | $1,870 | $1,636+14.3% | $5,143-63.6% | $2,148-13.0% |
| Participant deferral / active EE | $3,644 | $2,145+69.9% | $5,198-29.9% | $3,539+3.0% |
| Admin fee / account holder | $11 | $167-93.5% | $13,954-99.9% | $142-92.4% |