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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $26,978 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,541 | $59,140-67.0% | $160,037-87.8% | $66,949-70.8% |
| Participation rate | 21.0% | 68.1%-47.1pp | 78.0%-57.0pp | 69.8%-48.8pp |
| Annual return | -19.05% | -12.25%-6.8pp | 408.95%-428.0pp | 1.57%-20.6pp |
| Employer contribution / active EE | $825 | $1,982-58.4% | $4,226-80.5% | $2,545-67.6% |
| Participant deferral / active EE | $1,578 | $4,399-64.1% | $6,184-74.5% | $4,239-62.8% |
| Admin fee / account holder | $310 | $591-47.5% | $8,716-96.4% | $594-47.8% |