Filed September 23, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $64,767 |
GLOBAL RETIREMENT PARTNERS LLC4+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $23,927 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $72,858 | $73,102-0.3% | $123,553-41.0% | $56,289+29.4% |
| Participation rate | 100.0% | 74.3%+25.7pp | 82.3%+17.7pp | 69.9%+30.1pp |
| Annual return | 0.45% | 3.01%-2.6pp | 119.21%-118.8pp | -9.96%+10.4pp |
| Employer contribution / active EE | $2,778 | $2,977-6.7% | $4,628-40.0% | $2,111+31.6% |
| Participant deferral / active EE | $7,072 | $5,423+30.4% | $6,426+10.0% | $3,350+111.1% |
| Admin fee / account holder | $332 | $554-40.0% | $9,284-96.4% | $521-36.2% |