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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $5,737 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $108,358 | $65,061+66.5% | $143,757-24.6% | $66,914+61.9% |
| Participation rate | 41.7% | 65.2%-23.4pp | 80.3%-38.6pp | 69.8%-28.1pp |
| Annual return | -16.55% | -11.14%-5.4pp | -0.04%-16.5pp | 1.58%-18.1pp |
| Employer contribution / active EE | $0 | $2,361-100.0% | $4,951-100.0% | $2,544-100.0% |
| Participant deferral / active EE | $3,205 | $2,919+9.8% | $5,637-43.1% | $4,237-24.4% |
| Admin fee / account holder | $46 | $502-90.9% | $14,673-99.7% | $593-92.3% |