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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $2,771 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $76,483 | $67,703+13.0% | $127,803-40.2% | $65,185+17.3% |
| Participation rate | 37.0% | 74.5%-37.5pp | 79.0%-42.0pp | 70.2%-33.2pp |
| Annual return | 19.85% | 24.36%-4.5pp | 26.14%-6.3pp | 29.38%-9.5pp |
| Employer contribution / active EE | $0 | $3,724-100.0% | $4,576-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $2,041 | $4,787-57.4% | $6,023-66.1% | $3,514-41.9% |
| Admin fee / account holder | $35 | $618-94.3% | $9,399-99.6% | $847-95.9% |