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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,563 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $72,287 | $86,341-16.3% | $125,192-42.3% | $65,185+10.9% |
| Participation rate | 53.8% | 75.3%-21.5pp | 79.8%-25.9pp | 70.2%-16.4pp |
| Annual return | 25.07% | 27.44%-2.4pp | 43.79%-18.7pp | 29.38%-4.3pp |
| Employer contribution / active EE | $1,161 | $2,040-43.1% | $3,866-70.0% | $2,177-46.7% |
| Participant deferral / active EE | $3,711 | $3,538+4.9% | $4,937-24.8% | $3,514+5.6% |
| Admin fee / account holder | $15 | $609-97.6% | $9,704-99.8% | $847-98.3% |