Filed May 1, 2018
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $554 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $7,413 | $69,305-89.3% | $82,312-91.0% | $69,631-89.4% |
| Participation rate | 89.0% | 80.3%+8.7pp | 76.9%+12.1pp | 70.7%+18.3pp |
| Annual return | 0.00% | 21.47%-21.5pp | 25.88%-25.9pp | 27571.02%-27571.0pp |
| Employer contribution / active EE | $0 | $1,887-100.0% | $2,428-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $4,006 | $3,568+12.3% | $3,706+8.1% | $3,224+24.3% |
| Admin fee / account holder | $2 | $97-98.4% | $5,608-100.0% | $110-98.6% |