Filed January 14, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $22,525 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,930 | $50,151+17.5% | $149,696-60.6% | $80,157-26.5% |
| Participation rate | 38.9% | 64.3%-25.4pp | 78.8%-39.9pp | 72.9%-34.0pp |
| Annual return | 25.72% | 29.80%-4.1pp | 134.46%-108.7pp | 40.39%-14.7pp |
| Employer contribution / active EE | $1,174 | $1,867-37.1% | $4,821-75.7% | $2,977-60.6% |
| Participant deferral / active EE | $2,554 | $3,194-20.1% | $5,682-55.1% | $5,015-49.1% |
| Admin fee / account holder | $16 | $153-89.3% | $13,212-99.9% | $145-88.8% |