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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $10,410 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $30,854 | $54,573-43.5% | $90,970-66.1% | $73,493-58.0% |
| Participation rate | 86.9% | 61.2%+25.7pp | 69.0%+17.9pp | 70.7%+16.2pp |
| Annual return | 17.92% | 16.69%+1.2pp | 134.58%-116.7pp | 28.51%-10.6pp |
| Employer contribution / active EE | $242 | $991-75.6% | $2,122-88.6% | $2,270-89.4% |
| Participant deferral / active EE | $2,614 | $2,517+3.8% | $3,373-22.5% | $3,740-30.1% |
| Admin fee / account holder | $39 | $521-92.5% | $5,960-99.3% | $513-92.4% |