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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MINNESOTA LIFE INSURANCE Service code 13 · EIN 41-0417830 | Contract Administrator | $1,345 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $20,727 | $76,371-72.9% | $93,621-77.9% | $72,975-71.6% |
| Participation rate | 57.3% | 71.8%-14.5pp | 75.8%-18.5pp | 69.5%-12.2pp |
| Annual return | 20.86% | 25.82%-5.0pp | 32.76%-11.9pp | 81.01%-60.1pp |
| Employer contribution / active EE | $1,009 | $2,276-55.6% | $2,719-62.9% | $2,440-58.6% |
| Participant deferral / active EE | $1,955 | $3,538-44.7% | $4,070-52.0% | $3,608-45.8% |
| Admin fee / account holder | $21 | $6,839-99.7% | $7,890-99.7% | $5,124-99.6% |