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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $7,567 |
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 | $60,009 | $60,396-0.6% | $111,392-46.1% | $56,289+6.6% |
| Participation rate | 34.4% | 72.4%-38.0pp | 78.9%-44.5pp | 69.9%-35.5pp |
| Annual return | -4.62% | 20.26%-24.9pp | -2.06%-2.6pp | -9.96%+5.3pp |
| Employer contribution / active EE | $0 | $3,459-100.0% | $4,328-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,751 | $4,421-60.4% | $5,567-68.5% | $3,350-47.7% |
| Admin fee / account holder | $87 | $610-85.7% | $12,266-99.3% | $521-83.3% |