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| Provider | Service type | Compensation |
|---|---|---|
SECURIAN FINANCIAL SERVICES INC3+ years Filed as: SECURIAN FINANCIAL SERVICES Service code 12 · EIN 41-0417830 400 ROBERT STREET NORTH · ST. PAUL, MN 55101 | Recordkeeping fees; Participant commu... | $10,514 |
Service code 13 · EIN 68-0005489 1320 HARBOR BAY PARKWAY · ALAMEDA, CA 94502 | Contract Administrator | $296 |
MINNESOTA LIFE INSURANCE COMPANY3+ years Filed as: MINNESOTA MUTAL LIFE INS. COMPANY Service code 12 · EIN 41-0417830 P.O. BOX 64114 · ST. PAUL, MN 55164 | Claims processing; Consulting (pensio... | $110 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $30,243 | $33,067-8.5% | $76,518-60.5% | $56,287-46.3% |
| Participation rate | 43.8% | 55.4%-11.6pp | 68.0%-24.2pp | 69.9%-26.1pp |
| Annual return | 4.35% | 2.72%+1.6pp | -0.27%+4.6pp | -9.96%+14.3pp |
| Employer contribution / active EE | $710 | $1,200-40.9% | $2,647-73.2% | $2,111-66.4% |
| Participant deferral / active EE | $964 | $2,240-57.0% | $3,836-74.9% | $3,350-71.2% |
| Admin fee / account holder | $148 | $537-72.5% | $4,849-97.0% | $521-71.7% |