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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $0 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $37,418 | $51,244-27.0% | $80,977-53.8% | $55,167-32.2% |
| Participation rate | 37.6% | 71.7%-34.1pp | 75.8%-38.2pp | 69.0%-31.4pp |
| Annual return | 5.08% | 17.39%-12.3pp | 17.11%-12.0pp | 169.23%-164.2pp |
| Employer contribution / active EE | $0 | $1,770-100.0% | $3,715-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $2,554 | $4,418-42.2% | $5,696-55.2% | $3,054-16.4% |
| Admin fee / account holder | $0 | $398-100.0% | $5,517-100.0% | $504-100.0% |