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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $59,384 |
GLOBAL RETIREMENT PARTNERS LLC10+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $26,287 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $80,449 | $88,137-8.7% | $164,975-51.2% | $74,429+8.1% |
| Participation rate | 89.1% | 73.1%+16.0pp | 78.6%+10.5pp | 67.2%+21.9pp |
| Annual return | 12.22% | 17.13%-4.9pp | 70.12%-57.9pp | 1368.38%-1356.2pp |
| Employer contribution / active EE | $1,608 | $2,597-38.1% | $4,343-63.0% | $2,625-38.7% |
| Participant deferral / active EE | $4,383 | $4,501-2.6% | $6,033-27.4% | $4,348+0.8% |
| Admin fee / account holder | $421 | $2,231-81.1% | $12,688-96.7% | $1,944-78.3% |