Filed September 28, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $9,979 |
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 | $52,280 | $123,793-57.8% | $177,848-70.6% | $79,856-34.5% |
| Participation rate | 62.5% | 84.7%-22.2pp | 87.7%-25.2pp | 69.6%-7.1pp |
| Annual return | 18.47% | 22.82%-4.3pp | 48.33%-29.9pp | 31.71%-13.2pp |
| Employer contribution / active EE | $0 | $4,095-100.0% | $5,919-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $9,882 | $5,956+65.9% | $7,714+28.1% | $3,741+164.2% |
| Admin fee / account holder | $71 | $7,243-99.0% | $12,431-99.4% | $5,306-98.7% |