Filed November 29, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $57,729 |
Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118 | Advisory (Plan) | $30,000 |
Service code 10 · EIN 25-1769537 | Accounting | $17,100 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,263 | $82,188-53.4% | $125,391-69.5% | $64,824-41.0% |
| Participation rate | 93.7% | 77.9%+15.8pp | 82.4%+11.3pp | 71.5%+22.2pp |
| Annual return | -12.89% | 3.50%-16.4pp | 572.41%-585.3pp | 32.84%-45.7pp |
| Employer contribution / active EE | $1,086 | $3,617-70.0% | $4,816-77.5% | $2,507-56.7% |
| Participant deferral / active EE | $3,258 | $7,177-54.6% | $7,448-56.3% | $4,311-24.4% |
| Admin fee / account holder | $160 | $163-2.0% | $10,009-98.4% | $188-14.8% |