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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $6,537 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $41,158 | $58,726-29.9% | $92,240-55.4% | $62,293-33.9% |
| Participation rate | 38.9% | 68.3%-29.5pp | 76.5%-37.6pp | 69.5%-30.6pp |
| Annual return | 14.42% | 43.62%-29.2pp | 176.29%-161.9pp | 28.90%-14.5pp |
| Employer contribution / active EE | $451 | $2,392-81.1% | $3,680-87.7% | $2,042-77.9% |
| Participant deferral / active EE | $1,509 | $2,766-45.4% | $3,897-61.3% | $3,169-52.4% |
| Admin fee / account holder | $65 | $556-88.4% | $5,194-98.8% | $479-86.5% |