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| Provider | Service type | Compensation |
|---|---|---|
SECURIAN FINANCIAL SERVICES INC4+ years Filed as: SECURIAN FINANCIAL SERVICES Service code 12 · EIN 41-0417830 400 ROBERT STREET NORTH · ST. PAUL, MN 55101 | Recordkeeping and information managem... | $11,685 |
Service code 13 · EIN 68-0005489 1320 HARBOR BAY PARKWAY · ALAMEDA, CA 94502 | Contract Administrator | $5,534 |
MINNESOTA LIFE INSURANCE COMPANY4+ years Filed as: MINNESOTA MUTAL LIFE INS. COMPANY Service code 12 · EIN 41-0417830 P.O. BOX 64114 · ST. PAUL, MN 55164 | Recordkeeping and information managem... | $105 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $30,029 | $38,365-21.7% | $84,628-64.5% | $65,185-53.9% |
| Participation rate | 47.7% | 55.7%-8.0pp | 68.2%-20.5pp | 70.2%-22.5pp |
| Annual return | 5.27% | 32.00%-26.7pp | 258.80%-253.5pp | 29.38%-24.1pp |
| Employer contribution / active EE | $830 | $1,258-34.0% | $2,653-68.7% | $2,177-61.9% |
| Participant deferral / active EE | $1,119 | $2,278-50.9% | $3,900-71.3% | $3,514-68.2% |
| Admin fee / account holder | $201 | $451-55.4% | $4,914-95.9% | $847-76.2% |