Filed September 23, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $55,095 |
GLOBAL RETIREMENT PARTNERS LLC8+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $33,635 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $95,915 | $84,487+13.5% | $125,339-23.5% | $66,914+43.3% |
| Participation rate | 98.8% | 76.4%+22.3pp | 82.4%+16.4pp | 69.8%+28.9pp |
| Annual return | -16.32% | -8.39%-7.9pp | 572.05%-588.4pp | 1.58%-17.9pp |
| Employer contribution / active EE | $3,284 | $3,553-7.6% | $4,814-31.8% | $2,544+29.1% |
| Participant deferral / active EE | $9,317 | $6,781+37.4% | $7,446+25.1% | $4,237+119.9% |
| Admin fee / account holder | $247 | $685-63.9% | $10,010-97.5% | $593-58.3% |