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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $3,928 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $143,707 | $61,616+133.2% | $105,754+35.9% | $55,167+160.5% |
| Participation rate | 68.8% | 72.9%-4.2pp | 78.9%-10.2pp | 69.0%-0.2pp |
| Annual return | 5.50% | 11.15%-5.6pp | 12.25%-6.8pp | 169.23%-163.7pp |
| Employer contribution / active EE | $1,771 | $3,043-41.8% | $4,079-56.6% | $1,963-9.8% |
| Participant deferral / active EE | $3,720 | $4,213-11.7% | $5,326-30.1% | $3,054+21.8% |
| Admin fee / account holder | $33 | $379-91.2% | $8,309-99.6% | $504-93.4% |