Filed December 22, 2016 (most recent of 2 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $5,748 |
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 | $65,642 | $56,640+15.9% | $80,977-18.9% | $57,658+13.8% |
| Participation rate | 94.5% | 75.9%+18.7pp | 75.8%+18.7pp | 70.2%+24.3pp |
| Annual return | 7.40% | 19.97%-12.6pp | 17.11%-9.7pp | 5.13%+2.3pp |
| Employer contribution / active EE | $3,208 | $2,085+53.9% | $3,715-13.6% | $1,974+62.5% |
| Participant deferral / active EE | $7,561 | $4,944+52.9% | $5,696+32.7% | $3,061+147.1% |
| Admin fee / account holder | $16 | $87-81.7% | $5,517-99.7% | $95-83.2% |