Filed November 4, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $10,432 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $13,569 | $37,196-63.5% | $154,114-91.2% | $55,725-75.6% |
| Participation rate | 33.8% | 64.1%-30.3pp | 83.0%-49.3pp | 70.9%-37.1pp |
| Annual return | -3.92% | 1319.68%-1323.6pp | 735.16%-739.1pp | 244.93%-248.8pp |
| Employer contribution / active EE | $580 | $1,614-64.1% | $5,298-89.1% | $2,078-72.1% |
| Participant deferral / active EE | $1,081 | $2,068-47.7% | $5,081-78.7% | $3,356-67.8% |
| Admin fee / account holder | $56 | $102-44.5% | $13,411-99.6% | $115-51.0% |