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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $2,964 |
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 | $77,207 | $66,180+16.7% | $118,746-35.0% | $62,293+23.9% |
| Participation rate | 44.4% | 71.3%-26.8pp | 78.3%-33.8pp | 69.5%-25.1pp |
| Annual return | 13.91% | 60.89%-47.0pp | 24.54%-10.6pp | 28.90%-15.0pp |
| Employer contribution / active EE | $0 | $3,183-100.0% | $4,193-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,167 | $4,247-49.0% | $5,332-59.4% | $3,169-31.6% |
| Admin fee / account holder | $35 | $753-95.4% | $10,720-99.7% | $479-92.7% |