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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,204 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $2,466 | $66,319-96.3% | $93,621-97.4% | $65,185-96.2% |
| Participation rate | 86.7% | 74.0%+12.7pp | 75.8%+10.9pp | 70.2%+16.5pp |
| Annual return | 0.00% | 42.59%-42.6pp | 32.76%-32.8pp | 29.38%-29.4pp |
| Employer contribution / active EE | $1,043 | $2,013-48.2% | $2,719-61.6% | $2,177-52.1% |
| Participant deferral / active EE | $1,383 | $3,343-58.6% | $4,070-66.0% | $3,514-60.6% |
| Admin fee / account holder | $5 | $6,900-99.9% | $7,890-99.9% | $847-99.4% |