Filed January 14, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $25,897 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,326 | $45,000+25.2% | $143,799-60.8% | $77,906-27.7% |
| Participation rate | 44.1% | 66.8%-22.7pp | 80.3%-36.2pp | 73.7%-29.6pp |
| Annual return | -11.52% | 29.03%-40.5pp | -0.04%-11.5pp | 12.16%-23.7pp |
| Employer contribution / active EE | $1,449 | $1,870-22.5% | $4,952-70.7% | $2,846-49.1% |
| Participant deferral / active EE | $2,980 | $3,157-5.6% | $5,638-47.2% | $4,805-38.0% |
| Admin fee / account holder | $24 | $98-75.2% | $14,677-99.8% | $133-81.6% |