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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $795 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $26,488 | $174,380-84.8% | $108,582-75.6% | - |
| Participation rate | 66.7% | 70.3%-3.7pp | 79.6%-12.9pp | - |
| Annual return | 9.30% | 1.91%+7.4pp | -51.70%+61.0pp | - |
| Employer contribution / active EE | $0 | $1,536-100.0% | $3,758-100.0% | - |
| Participant deferral / active EE | $2,637 | $2,685-1.8% | $4,311-38.8% | - |
| Admin fee / account holder | $63 | $13,800-99.5% | $7,645-99.2% | - |