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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $9,968 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $45,420 | $36,916+23.0% | $156,551-71.0% | $57,658-21.2% |
| Participation rate | 51.1% | 63.4%-12.3pp | 84.0%-32.9pp | 70.2%-19.1pp |
| Annual return | 10.78% | 12.38%-1.6pp | 32.23%-21.4pp | 5.13%+5.6pp |
| Employer contribution / active EE | $277 | $1,571-82.3% | $5,501-95.0% | $1,974-86.0% |
| Participant deferral / active EE | $6,620 | $1,926+243.8% | $4,871+35.9% | $3,061+116.3% |
| Admin fee / account holder | $11 | $82-86.4% | $13,028-99.9% | $95-88.1% |