Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 7-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $4,180 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $41,270 | $43,504-5.1% | $68,612-39.9% | $56,289-26.7% |
| Participation rate | 60.7% | 67.8%-7.1pp | 72.2%-11.5pp | 69.9%-9.1pp |
| Annual return | 0.00% | -3.15%+3.1pp | -4.63%+4.6pp | -9.96%+10.0pp |
| Employer contribution / active EE | $396 | $1,525-74.0% | $2,625-84.9% | $2,111-81.2% |
| Participant deferral / active EE | $3,460 | $2,509+37.9% | $3,311+4.5% | $3,350+3.3% |
| Admin fee / account holder | $45 | $515-91.2% | $5,131-99.1% | $521-91.3% |