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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $16,290 |
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 | $88,722 | $46,173+92.2% | $170,435-47.9% | $69,631+27.4% |
| Participation rate | 75.6% | 63.9%+11.7pp | 83.6%-8.0pp | 70.7%+4.9pp |
| Annual return | 18.21% | 21.62%-3.4pp | 205.94%-187.7pp | 27571.02%-27552.8pp |
| Employer contribution / active EE | $1,743 | $1,610+8.3% | $5,432-67.9% | $2,032-14.2% |
| Participant deferral / active EE | $4,889 | $2,080+135.0% | $4,939-1.0% | $3,224+51.7% |
| Admin fee / account holder | $42 | $116-63.5% | $13,881-99.7% | $110-61.7% |