Filed September 23, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $79,875 |
GLOBAL RETIREMENT PARTNERS LLC6+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $32,991 |
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 | $110,684 | $99,957+10.7% | $149,745-26.1% | $73,497+50.6% |
| Participation rate | 98.0% | 75.7%+22.3pp | 82.5%+15.5pp | 70.7%+27.3pp |
| Annual return | 16.37% | 53.87%-37.5pp | 276.72%-260.4pp | 28.51%-12.1pp |
| Employer contribution / active EE | $3,268 | $3,191+2.4% | $4,646-29.7% | $2,270+44.0% |
| Participant deferral / active EE | $9,550 | $6,073+57.3% | $6,843+39.6% | $3,740+155.4% |
| Admin fee / account holder | $386 | $551-29.8% | $9,312-95.9% | $513-24.7% |