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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $0 |
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.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,007 | $49,471-0.9% | $79,583-38.4% | $66,949-26.8% |
| Participation rate | 34.9% | 61.4%-26.5pp | 69.5%-34.6pp | 69.8%-34.9pp |
| Annual return | -20.41% | 84.30%-104.7pp | 0.16%-20.6pp | 1.57%-22.0pp |
| Employer contribution / active EE | $0 | $1,266-100.0% | $2,414-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $2,470 | $3,160-21.8% | $3,986-38.0% | $4,239-41.7% |
| Admin fee / account holder | $0 | $595-100.0% | $6,835-100.0% | $594-100.0% |