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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $2,616 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,483 | $95,406-51.3% | $185,849-75.0% | $85,847-45.9% |
| Participation rate | 55.7% | 68.8%-13.1pp | 81.7%-26.0pp | 69.3%-13.6pp |
| Annual return | 14.09% | 23.59%-9.5pp | 122.10%-108.0pp | 318.61%-304.5pp |
| Employer contribution / active EE | $1,410 | $3,314-57.5% | $5,169-72.7% | $2,565-45.0% |
| Participant deferral / active EE | $4,862 | $3,424+42.0% | $5,569-12.7% | $3,952+23.0% |
| Admin fee / account holder | $33 | $7,214-99.5% | $16,244-99.8% | $6,261-99.5% |