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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $4,580 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $14,906 | $61,660-75.8% | $80,022-81.4% | $64,181-76.8% |
| Participation rate | 98.9% | 71.7%+27.2pp | 75.8%+23.0pp | 69.6%+29.3pp |
| Annual return | -7.63% | -0.33%-7.3pp | 11.22%-18.8pp | 7.63%-15.3pp |
| Employer contribution / active EE | $1,527 | $1,810-15.6% | $2,468-38.1% | $2,381-35.9% |
| Participant deferral / active EE | $2,816 | $2,968-5.1% | $3,686-23.6% | $3,470-18.8% |
| Admin fee / account holder | $44 | $5,417-99.2% | $6,521-99.3% | $4,887-99.1% |