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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $6,508 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $30,678 | $39,245-21.8% | $64,105-52.1% | $52,331-41.4% |
| Participation rate | 62.3% | 58.2%+4.1pp | 68.2%-5.9pp | 68.1%-5.8pp |
| Annual return | -2.39% | 14.79%-17.2pp | 791.24%-793.6pp | 4.54%-6.9pp |
| Employer contribution / active EE | $0 | $736-100.0% | $1,820-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,843 | $1,992-7.4% | $2,822-34.7% | $3,022-39.0% |
| Admin fee / account holder | $45 | $592-92.5% | $4,499-99.0% | $592-92.5% |