Filed November 4, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $11,723 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,093 | $52,293-52.0% | $178,498-85.9% | $73,412-65.8% |
| Participation rate | 26.5% | 65.3%-38.9pp | 81.9%-55.5pp | 72.2%-45.7pp |
| Annual return | 18.56% | 34.75%-16.2pp | 151.09%-132.5pp | 59.30%-40.7pp |
| Employer contribution / active EE | $486 | $1,735-72.0% | $5,011-90.3% | $2,234-78.2% |
| Participant deferral / active EE | $949 | $2,332-59.3% | $5,202-81.8% | $3,806-75.1% |
| Admin fee / account holder | $77 | $127-39.4% | $13,985-99.4% | $158-51.2% |