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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $36,358 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,421 | $52,122+52.4% | $104,294-23.8% | $64,808+22.5% |
| Participation rate | 45.0% | 56.0%-11.0pp | 73.3%-28.3pp | 71.5%-26.5pp |
| Annual return | -18.49% | 13.26%-31.7pp | 24.61%-43.1pp | 32.82%-51.3pp |
| Employer contribution / active EE | $814 | $1,627-50.0% | $3,372-75.9% | $2,506-67.5% |
| Participant deferral / active EE | $2,645 | $2,823-6.3% | $4,625-42.8% | $4,310-38.6% |
| Admin fee / account holder | $209 | $155+34.9% | $7,339-97.2% | $188+11.0% |