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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $4,650 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $18,245 | $43,423-58.0% | $78,676-76.8% | $55,167-66.9% |
| Participation rate | 18.9% | 68.0%-49.1pp | 73.6%-54.6pp | 69.0%-50.0pp |
| Annual return | -4.09% | 11.53%-15.6pp | 62.19%-66.3pp | 169.23%-173.3pp |
| Employer contribution / active EE | $0 | $1,997-100.0% | $2,850-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,546 | $2,509-38.4% | $3,517-56.0% | $3,054-49.4% |
| Admin fee / account holder | $99 | $416-76.2% | $4,510-97.8% | $504-80.4% |