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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 11 · EIN 41-0417830 | Actuarial | $2,645 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $28,603 | $86,692-67.0% | $119,634-76.1% | $66,949-57.3% |
| Participation rate | 45.1% | 75.6%-30.5pp | 79.3%-34.1pp | 69.8%-24.7pp |
| Annual return | -14.15% | -8.00%-6.2pp | -14.98%+0.8pp | 1.57%-15.7pp |
| Employer contribution / active EE | $1,074 | $2,536-57.6% | $4,232-74.6% | $2,545-57.8% |
| Participant deferral / active EE | $1,390 | $4,360-68.1% | $5,601-75.2% | $4,239-67.2% |
| Admin fee / account holder | $27 | $755-96.4% | $10,329-99.7% | $594-95.5% |