Filed September 23, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,384 |
GLOBAL RETIREMENT PARTNERS LLC10+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $39,337 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $142,972 | $101,672+40.6% | $147,117-2.8% | $74,478+92.0% |
| Participation rate | 99.2% | 75.5%+23.7pp | 82.2%+17.1pp | 67.2%+32.0pp |
| Annual return | 14.74% | 8757.83%-8743.1pp | 420.54%-405.8pp | 1370.56%-1355.8pp |
| Employer contribution / active EE | $4,128 | $3,813+8.2% | $4,932-16.3% | $2,626+57.2% |
| Participant deferral / active EE | $12,203 | $7,305+67.1% | $8,065+51.3% | $4,350+180.5% |
| Admin fee / account holder | $347 | $1,753-80.2% | $12,993-97.3% | $1,946-82.2% |