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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,133 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $1,559 | $65,223-97.6% | $80,022-98.1% | $55,725-97.2% |
| Participation rate | 93.5% | 80.6%+12.9pp | 75.8%+17.6pp | 70.9%+22.6pp |
| Annual return | 0.00% | 7.59%-7.6pp | 11.22%-11.2pp | 244.93%-244.9pp |
| Employer contribution / active EE | $997 | $2,544-60.8% | $2,468-59.6% | $2,078-52.0% |
| Participant deferral / active EE | $1,254 | $3,881-67.7% | $3,686-66.0% | $3,356-62.6% |
| Admin fee / account holder | $2 | $114-98.6% | $6,521-100.0% | $115-98.7% |