Filed July 1, 2019
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $8,580 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $43,332 | $109,359-60.4% | $162,185-73.3% | $72,976-40.6% |
| Participation rate | 98.7% | 84.3%+14.4pp | 87.6%+11.1pp | 69.5%+29.2pp |
| Annual return | 19.23% | 25.46%-6.2pp | 115.61%-96.4pp | 81.02%-61.8pp |
| Employer contribution / active EE | $2,961 | $3,907-24.2% | $5,613-47.2% | $2,440+21.4% |
| Participant deferral / active EE | $4,046 | $5,481-26.2% | $7,297-44.6% | $3,608+12.1% |
| Admin fee / account holder | $63 | $7,972-99.2% | $10,844-99.4% | $5,124-98.8% |