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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MINNESOTA LIFE INSURANCE Service code 13 · EIN 41-0417830 | Contract Administrator | $1,265 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,087 | $87,168-67.8% | $98,907-71.6% | - |
| Participation rate | 55.6% | 73.1%-17.5pp | 76.0%-20.5pp | - |
| Annual return | 17.40% | 9.75%+7.7pp | 196.43%-179.0pp | - |
| Employer contribution / active EE | $965 | $2,509-61.5% | $2,689-64.1% | - |
| Participant deferral / active EE | $1,912 | $3,188-40.0% | $4,244-55.0% | - |
| Admin fee / account holder | $21 | $3,143-99.3% | $6,642-99.7% | - |