Filed September 23, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $84,992 |
GLOBAL RETIREMENT PARTNERS LLC7+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $42,243 |
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 | $111,008 | $104,479+6.2% | $159,474-30.4% | $79,391+39.8% |
| Participation rate | 98.8% | 76.6%+22.1pp | 82.8%+15.9pp | 70.7%+28.0pp |
| Annual return | 15.43% | 67.98%-52.5pp | 263.68%-248.2pp | 116.88%-101.5pp |
| Employer contribution / active EE | $1,788 | $3,417-47.7% | $4,831-63.0% | $2,428-26.4% |
| Participant deferral / active EE | $8,489 | $6,468+31.3% | $7,353+15.4% | $4,046+109.8% |
| Admin fee / account holder | $391 | $711-45.0% | $10,802-96.4% | $627-37.6% |