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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $440 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $29,153 | $63,346-54.0% | $92,233-68.4% | $70,131-58.4% |
| Participation rate | 33.0% | 68.7%-35.7pp | 76.5%-43.5pp | 69.5%-36.6pp |
| Annual return | 15.78% | 530.12%-514.3pp | 176.28%-160.5pp | 73.14%-57.4pp |
| Employer contribution / active EE | $502 | $2,471-79.7% | $3,679-86.4% | $2,342-78.6% |
| Participant deferral / active EE | $848 | $2,854-70.3% | $3,897-78.2% | $3,332-74.5% |
| Admin fee / account holder | $97 | $3,840-97.5% | $5,194-98.1% | $4,645-97.9% |