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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $8,077 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $12,444 | $77,638-84.0% | $156,551-92.1% | $62,881-80.2% |
| Participation rate | 87.3% | 71.2%+16.1pp | 84.0%+3.3pp | 69.3%+18.0pp |
| Annual return | 5.76% | 50.33%-44.6pp | 32.23%-26.5pp | 20.14%-14.4pp |
| Employer contribution / active EE | $4,136 | $3,444+20.1% | $5,501-24.8% | $2,281+81.3% |
| Participant deferral / active EE | $1,931 | $3,046-36.6% | $4,871-60.4% | $3,203-39.7% |
| Admin fee / account holder | $68 | $5,561-98.8% | $13,028-99.5% | $4,296-98.4% |