See peer percentile detail. $4.99 for your first month.
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $15,235 |
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).
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 | $45,958 | $51,447-10.7% | $104,607-56.1% | $73,409-37.4% |
| Participation rate | 67.9% | 68.2%-0.3pp | 74.1%-6.2pp | 72.2%-4.3pp |
| Annual return | 14.26% | 25.06%-10.8pp | 340.46%-326.2pp | 59.29%-45.0pp |
| Employer contribution / active EE | $671 | $1,441-53.5% | $2,681-75.0% | $2,234-70.0% |
| Participant deferral / active EE | $2,968 | $3,058-2.9% | $3,740-20.6% | $3,805-22.0% |
| Admin fee / account holder | $55 | $122-54.9% | $6,473-99.2% | $158-65.2% |