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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $35,461 |
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 | $46,735 | $37,044+26.2% | $71,796-34.9% | $57,658-18.9% |
| Participation rate | 97.0% | 61.1%+35.9pp | 69.1%+27.9pp | 70.2%+26.8pp |
| Annual return | 6.85% | 12.64%-5.8pp | 78.04%-71.2pp | 5.13%+1.7pp |
| Employer contribution / active EE | $723 | $720+0.4% | $1,924-62.4% | $1,974-63.4% |
| Participant deferral / active EE | $2,594 | $1,974+31.4% | $2,794-7.2% | $3,061-15.3% |
| Admin fee / account holder | $35 | $101-65.2% | $4,815-99.3% | $95-62.9% |