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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $760 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $7,785 | $73,518-89.4% | $63,003-87.6% | $147,585-94.7% |
| Participation rate | 69.6% | 77.9%-8.3pp | 74.8%-5.2pp | 82.8%-13.3pp |
| Annual return | 15.00% | 175.46%-160.5pp | 87.59%-72.6pp | 578.57%-563.6pp |
| Employer contribution / active EE | $1,197 | $3,322-64.0% | $2,760-56.6% | $4,876-75.4% |
| Participant deferral / active EE | $3,464 | $4,183-17.2% | $3,329+4.0% | $5,439-36.3% |
| Admin fee / account holder | $6 | $5,952-99.9% | $3,600-99.8% | $10,885-99.9% |