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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $1,215 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $17,971 | $30,599-41.3% | $74,577-75.9% | $57,658-68.8% |
| Participation rate | 35.8% | 49.1%-13.3pp | 68.1%-32.3pp | 70.2%-34.4pp |
| Annual return | 6.91% | 14.24%-7.3pp | 20.47%-13.6pp | 5.13%+1.8pp |
| Employer contribution / active EE | $267 | $1,000-73.2% | $2,525-89.4% | $1,974-86.4% |
| Participant deferral / active EE | $420 | $1,805-76.7% | $3,458-87.8% | $3,061-86.3% |
| Admin fee / account holder | $10 | $98-90.0% | $4,138-99.8% | $95-89.6% |