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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $32,153 |
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 | $46,474 | $33,745+37.7% | $64,105-27.5% | $55,191-15.8% |
| Participation rate | 96.1% | 59.4%+36.7pp | 68.2%+27.9pp | 69.2%+26.9pp |
| Annual return | 0.18% | 4.95%-4.8pp | 791.24%-791.1pp | 10.78%-10.6pp |
| Employer contribution / active EE | $1,007 | $641+57.1% | $1,820-44.7% | $1,899-47.0% |
| Participant deferral / active EE | $2,517 | $1,929+30.5% | $2,822-10.8% | $3,046-17.4% |
| Admin fee / account holder | $35 | $94-63.4% | $4,499-99.2% | $91-61.9% |