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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $530 |
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 | $22,049 | $46,100-52.2% | $86,581-74.5% | $69,631-68.3% |
| Participation rate | 16.3% | 67.2%-50.9pp | 73.5%-57.2pp | 70.7%-54.4pp |
| Annual return | 6.49% | 21.02%-14.5pp | 965.06%-958.6pp | 27571.02%-27564.5pp |
| Employer contribution / active EE | $0 | $1,850-100.0% | $2,840-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,243 | $2,432-48.9% | $3,609-65.5% | $3,224-61.4% |
| Admin fee / account holder | $10 | $94-89.7% | $4,904-99.8% | $110-91.3% |