Filed May 1, 2018
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $0 |
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 | $12,197 | $65,118-81.3% | $76,768-84.1% | $55,725-78.1% |
| Participation rate | 90.9% | 79.6%+11.3pp | 77.0%+13.9pp | 70.9%+20.0pp |
| Annual return | -0.44% | -1.27%+0.8pp | 2.43%-2.9pp | 244.93%-245.4pp |
| Employer contribution / active EE | $773 | $1,941-60.2% | $2,485-68.9% | $2,078-62.8% |
| Participant deferral / active EE | $5,569 | $3,688+51.0% | $3,852+44.6% | $3,356+66.0% |
| Admin fee / account holder | $6 | $116-94.4% | $6,675-99.9% | $115-94.4% |