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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $3,561 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,925 | $39,948-22.6% | $89,435-65.4% | $73,412-57.9% |
| Participation rate | 0.0% | 50.4%-50.4pp | 68.0%-68.0pp | 72.2%-72.2pp |
| Annual return | 15.32% | 50.12%-34.8pp | 245.55%-230.2pp | 59.30%-44.0pp |
| Employer contribution / active EE | $0 | $1,200-100.0% | $2,587-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $1,113 | $2,193-49.2% | $3,890-71.4% | $3,806-70.7% |
| Admin fee / account holder | $21 | $134-84.5% | $4,884-99.6% | $158-86.8% |