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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $420 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $6,589 | $39,132-83.2% | $57,196-88.5% | $62,881-89.5% |
| Participation rate | 57.1% | 70.5%-13.3pp | 75.3%-18.2pp | 69.3%-12.2pp |
| Annual return | -5.16% | 9.24%-14.4pp | 14.59%-19.8pp | 20.14%-25.3pp |
| Employer contribution / active EE | $864 | $1,874-53.9% | $2,683-67.8% | $2,281-62.1% |
| Participant deferral / active EE | $6,281 | $2,374+164.6% | $3,096+102.9% | $3,203+96.1% |
| Admin fee / account holder | $3 | $2,594-99.9% | $3,141-99.9% | $4,296-99.9% |