Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $4,531 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,468 | $46,072-70.8% | $69,779-80.7% | $55,167-75.6% |
| Participation rate | 68.6% | 67.5%+1.2pp | 71.8%-3.2pp | 69.0%-0.4pp |
| Annual return | 11.32% | 8.68%+2.6pp | 12.99%-1.7pp | 169.23%-157.9pp |
| Employer contribution / active EE | $859 | $1,500-42.8% | $2,338-63.3% | $1,963-56.3% |
| Participant deferral / active EE | $2,063 | $2,344-12.0% | $2,931-29.6% | $3,054-32.4% |
| Admin fee / account holder | $31 | $428-92.8% | $4,381-99.3% | $504-93.9% |