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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,611 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $48,192 | $50,666-4.9% | $76,667-37.1% | $65,186-26.1% |
| Participation rate | 65.4% | 68.8%-3.4pp | 72.1%-6.7pp | 70.2%-4.8pp |
| Annual return | 30.82% | 28.51%+2.3pp | 1166.74%-1135.9pp | 29.39%+1.4pp |
| Employer contribution / active EE | $534 | $1,575-66.1% | $2,303-76.8% | $2,177-75.5% |
| Participant deferral / active EE | $3,759 | $2,647+42.0% | $3,336+12.7% | $3,514+7.0% |
| Admin fee / account holder | $15 | $463-96.8% | $6,423-99.8% | $847-98.3% |