Filed May 16, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $56,286 |
Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118 | Advisory (Plan) | $30,000 |
Service code 49 · EIN 20-3886993 | Other Services | $5,065 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $57,664 | $73,102-21.1% | $123,552-53.3% | $56,287+2.4% |
| Participation rate | 99.3% | 74.3%+24.9pp | 82.3%+17.0pp | 69.9%+29.4pp |
| Annual return | -8.13% | 3.01%-11.1pp | 119.20%-127.3pp | -9.96%+1.8pp |
| Employer contribution / active EE | $6,211 | $2,977+108.6% | $4,628+34.2% | $2,111+194.2% |
| Participant deferral / active EE | $5,442 | $5,423+0.3% | $6,426-15.3% | $3,350+62.4% |
| Admin fee / account holder | $304 | $554-45.1% | $9,285-96.7% | $521-41.6% |