Filed January 16, 2025
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,617 |
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 | $38,989 | $75,832-48.6% | $147,617-73.6% | $59,633-34.6% |
| Participation rate | 80.0% | 71.6%+8.4pp | 84.6%-4.6pp | 68.7%+11.3pp |
| Annual return | -1.84% | 0.37%-2.2pp | 61.98%-63.8pp | 2041.45%-2043.3pp |
| Employer contribution / active EE | $787 | $3,485-77.4% | $5,564-85.8% | $2,203-64.2% |
| Participant deferral / active EE | $2,868 | $3,131-8.4% | $4,895-41.4% | $3,192-10.1% |
| Admin fee / account holder | $16 | $5,986-99.7% | $11,612-99.9% | $4,297-99.6% |