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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $16,573 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $75,960 | $36,916+105.8% | $156,551-51.5% | $57,658+31.7% |
| Participation rate | 79.3% | 63.4%+15.9pp | 84.0%-4.7pp | 70.2%+9.1pp |
| Annual return | 8.50% | 12.38%-3.9pp | 32.23%-23.7pp | 5.13%+3.4pp |
| Employer contribution / active EE | $1,517 | $1,571-3.4% | $5,501-72.4% | $1,974-23.2% |
| Participant deferral / active EE | $5,229 | $1,926+171.5% | $4,871+7.3% | $3,061+70.8% |
| Admin fee / account holder | $44 | $82-46.3% | $13,028-99.7% | $95-53.1% |