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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $880 |
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.
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 | $9,780 | $49,249-80.1% | $70,476-86.1% | $79,852-87.8% |
| Participation rate | 55.3% | 69.2%-13.9pp | 75.1%-19.8pp | 69.6%-14.4pp |
| Annual return | 3.67% | 30.09%-26.4pp | 109.12%-105.5pp | 31.72%-28.1pp |
| Employer contribution / active EE | $772 | $2,100-63.2% | $2,738-71.8% | $2,471-68.7% |
| Participant deferral / active EE | $1,710 | $2,769-38.3% | $3,710-53.9% | $3,740-54.3% |
| Admin fee / account holder | $7 | $2,878-99.7% | $3,847-99.8% | $5,306-99.9% |