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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MINNESOTA LIFE INSURANCE Service code 13 · EIN 41-0417830 | Contract Administrator | $411 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,830 | $72,620-65.8% | $90,760-72.6% | $66,938-62.9% |
| Participation rate | 55.0% | 73.7%-18.7pp | 75.7%-20.7pp | 69.8%-14.9pp |
| Annual return | -18.80% | -12.28%-6.5pp | -12.16%-6.6pp | 1.58%-20.4pp |
| Employer contribution / active EE | $1,125 | $2,369-52.5% | $2,922-61.5% | $2,545-55.8% |
| Participant deferral / active EE | $2,094 | $3,979-47.4% | $4,565-54.1% | $4,238-50.6% |
| Admin fee / account holder | $33 | $707-95.4% | $8,444-99.6% | $594-94.5% |