Most often reported for recordkeeping and administration
38 plans with 100+ participants
15 states
35 DC · 3 DB
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
38plans naming this provider
26,144participant records in those plans
$2.0Mcompensation reported, direct and indirect
$88.99median reported per participant35 plans with an amount
For plan year 2024, 38 retirement plans with 100 or more participants reported paying Minnesota Life Insurance Company $5,000 or more. Those plans cover 26,144 participant records, and the service most often reported is recordkeeping and administration.
Reported compensation from those plans, direct and indirect, totalled $2.0M. Per plan, the median was $88.99 per participant, with the middle half of plans between $47.03 and $144. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in Minnesota (12), California (5) and Illinois (5).
In 2009 it appeared on 414 such filings; in 2024, 38 (down 91%). Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
Across this provider's plans
25th percentile
Median
75th percentile
Compensation per participant
$47.03
$88.99
$144
Compensation as a share of plan net assets
0.06%
0.17%
0.36%
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Plans with 100+ participants naming this providerCompensation reported by those plans
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
How many plans does Minnesota Life Insurance Company serve?
38 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay Minnesota Life Insurance Company?
The median plan reported $88.99 per participant in direct and indirect compensation (35 plans reporting an amount), or 0.17% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Recordkeeping and information management (34 plans), Contract Administrator (18 plans), Investment management (18 plans) and Participant communication (18 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.