Filed May 1, 2018
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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $54,139 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,183 | $72,303-50.0% | $86,698-58.3% | $64,819-44.2% |
| Participation rate | 94.7% | 80.4%+14.3pp | 76.6%+18.1pp | 71.5%+23.3pp |
| Annual return | -13.82% | 392.77%-406.6pp | 35.95%-49.8pp | 32.84%-46.7pp |
| Employer contribution / active EE | $2,256 | $2,393-5.7% | $2,837-20.5% | $2,507-10.0% |
| Participant deferral / active EE | $7,432 | $4,660+59.5% | $4,656+59.6% | $4,311+72.4% |
| Admin fee / account holder | $88 | $174-49.7% | $7,493-98.8% | $188-53.4% |