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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 10 · EIN 41-0417830 | Accounting | $7,867 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $19,250 | $65,704-70.7% | $94,229-79.6% | $59,633-67.7% |
| Participation rate | 53.4% | 72.1%-18.7pp | 78.8%-25.3pp | 68.7%-15.2pp |
| Annual return | -0.72% | 5.22%-5.9pp | 10.68%-11.4pp | 2041.45%-2042.2pp |
| Employer contribution / active EE | $0 | $2,021-100.0% | $3,587-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $1,429 | $3,143-54.5% | $4,320-66.9% | $3,192-55.2% |
| Admin fee / account holder | $129 | $4,265-97.0% | $6,269-97.9% | $4,297-97.0% |