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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $42,817 |
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 | $52,071 | $40,174+29.6% | $84,023-38.0% | $67,582-23.0% |
| Participation rate | 96.1% | 62.7%+33.4pp | 69.0%+27.1pp | 71.3%+24.8pp |
| Annual return | 23.02% | 25.82%-2.8pp | 71.32%-48.3pp | 378.57%-355.6pp |
| Employer contribution / active EE | $295 | $808-63.4% | $1,984-85.1% | $2,148-86.2% |
| Participant deferral / active EE | $2,910 | $2,301+26.5% | $3,239-10.2% | $3,539-17.8% |
| Admin fee / account holder | $41 | $128-68.0% | $6,102-99.3% | $142-71.1% |