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| Provider | Service type | Compensation |
|---|---|---|
SECURIAN FINANCIAL SERVICES INC7+ years Filed as: SECURIAN FINANCIAL SERVICES Service code 12 · EIN 41-0417830 400 ROBERT STREET NORTH · ST. PAUL, MN 55101 | Contract Administrator; Recordkeeping... | $12,685 |
MINNESOTA LIFE INSURANCE COMPANY7+ 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... | $1,997 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,217 | $37,463-16.7% | $77,096-59.5% | $66,938-53.4% |
| Participation rate | 49.3% | 52.9%-3.7pp | 67.9%-18.7pp | 69.8%-20.6pp |
| Annual return | -18.70% | -3.25%-15.5pp | 42.35%-61.0pp | 1.58%-20.3pp |
| Employer contribution / active EE | $995 | $1,535-35.2% | $2,814-64.6% | $2,545-60.9% |
| Participant deferral / active EE | $1,463 | $2,621-44.2% | $4,429-67.0% | $4,238-65.5% |
| Admin fee / account holder | $148 | $568-73.9% | $5,428-97.3% | $594-75.0% |