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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $5,153 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,150 | $50,199-24.0% | $69,890-45.4% | $66,949-43.0% |
| Participation rate | 47.5% | 66.3%-18.9pp | 70.5%-23.0pp | 69.8%-22.3pp |
| Annual return | -13.66% | -13.85%+0.2pp | 190.84%-204.5pp | 1.57%-15.2pp |
| Employer contribution / active EE | $1,446 | $1,864-22.4% | $2,560-43.5% | $2,545-43.2% |
| Participant deferral / active EE | $1,951 | $3,112-37.3% | $3,848-49.3% | $4,239-54.0% |
| Admin fee / account holder | $25 | $600-95.8% | $6,267-99.6% | $594-95.8% |