Filed September 28, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,865 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $29,192 | $74,089-60.6% | $133,975-78.2% | $55,167-47.1% |
| Participation rate | 75.7% | 84.3%-8.6pp | 87.1%-11.4pp | 69.0%+6.7pp |
| Annual return | 11.60% | 12.11%-0.5pp | 29.29%-17.7pp | 169.23%-157.6pp |
| Employer contribution / active EE | $806 | $3,064-73.7% | $5,211-84.5% | $1,963-59.0% |
| Participant deferral / active EE | $7,403 | $4,678+58.2% | $6,282+17.8% | $3,054+142.4% |
| Admin fee / account holder | $10 | $458-97.8% | $9,324-99.9% | $504-98.0% |