Filed September 28, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $3,332 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,609 | $137,414-61.0% | $189,513-71.7% | $85,850-37.6% |
| Participation rate | 70.0% | 84.6%-14.6pp | 87.8%-17.8pp | 69.3%+0.7pp |
| Annual return | 17.98% | 38.14%-20.2pp | 555.15%-537.2pp | 318.53%-300.5pp |
| Employer contribution / active EE | $0 | $4,344-100.0% | $6,162-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $6,789 | $6,260+8.5% | $8,221-17.4% | $3,952+71.8% |
| Admin fee / account holder | $23 | $8,630-99.7% | $12,045-99.8% | $6,260-99.6% |