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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $8,568 |
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 | $4,171 | $85,135-95.1% | $98,920-95.8% | $73,412-94.3% |
| Participation rate | 85.5% | 81.1%+4.4pp | 76.0%+9.5pp | 72.2%+13.3pp |
| Annual return | 29.15% | 19.14%+10.0pp | 196.47%-167.3pp | 59.30%-30.1pp |
| Employer contribution / active EE | $1,191 | $2,721-56.2% | $2,689-55.7% | $2,234-46.7% |
| Participant deferral / active EE | $1,545 | $4,349-64.5% | $4,245-63.6% | $3,806-59.4% |
| Admin fee / account holder | $30 | $139-78.5% | $6,643-99.5% | $158-81.0% |