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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 | $88,203-8.8% | $165,100-51.3% | $74,478+8.0% |
| Participation rate | 89.1% | 73.1%+15.9pp | 78.6%+10.5pp | 67.2%+21.9pp |
| Annual return | 12.22% | 17.13%-4.9pp | 70.21%-58.0pp | 1370.56%-1358.3pp |
| Employer contribution / active EE | $1,608 | $2,601-38.2% | $4,348-63.0% | $2,626-38.8% |
| Participant deferral / active EE | $4,383 | $4,505-2.7% | $6,035-27.4% | $4,350+0.8% |
| Admin fee / account holder | $421 | $2,235-81.2% | $12,696-96.7% | $1,946-78.4% |