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| Provider | Service type | Compensation |
|---|---|---|
SECURIAN FINANCIAL SERVICES INC1+ years Filed as: SECURIAN FINANCIAL SERVICES Service code 12 · EIN 41-0417830 400 ROBERT STREET NORTH · ST. PAUL, MN 55101 | Consulting (general); Participant loa... | $8,030 |
Service code 13 · EIN 68-0005489 1320 HARBOR BAY PARKWAY · ALAMEDA, CA 94502 | Contract Administrator | $1,232 |
MINNESOTA LIFE INSURANCE COMPANY1+ years Filed as: MINNESOTA MUTAL LIFE INS. COMPANY Service code 12 · EIN 41-0417830 P.O. BOX 64114 · ST. PAUL, MN 55164 | Consulting (general); Participant loa... | $75 |
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.
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 | $29,328 | $32,425-9.6% | $74,577-60.7% | $55,167-46.8% |
| Participation rate | 37.7% | 54.0%-16.3pp | 68.1%-30.4pp | 69.0%-31.3pp |
| Annual return | 9.60% | 10.63%-1.0pp | 20.47%-10.9pp | 169.23%-159.6pp |
| Employer contribution / active EE | $324 | $1,043-68.9% | $2,525-87.2% | $1,963-83.5% |
| Participant deferral / active EE | $354 | $1,995-82.3% | $3,458-89.8% | $3,054-88.4% |
| Admin fee / account holder | $23 | $748-96.9% | $4,138-99.4% | $504-95.4% |