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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $14,914 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $177,938 | $79,171+124.8% | $102,423+73.7% | $74,495+138.9% |
| Participation rate | 38.9% | 74.8%-35.9pp | 76.5%-37.6pp | 67.2%-28.3pp |
| Annual return | 16.91% | 54.93%-38.0pp | 29.32%-12.4pp | 1364.94%-1348.0pp |
| Employer contribution / active EE | $543 | $2,362-77.0% | $3,023-82.0% | $2,623-79.3% |
| Participant deferral / active EE | $2,539 | $4,415-42.5% | $5,053-49.8% | $4,346-41.6% |
| Admin fee / account holder | $116 | $2,001-94.2% | $9,451-98.8% | $1,942-94.0% |