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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $51,558 |
GLOBAL RETIREMENT PARTNERS LLC8+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $24,353 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,217 | $86,692-31.7% | $119,634-50.5% | $66,949-11.5% |
| Participation rate | 91.9% | 75.6%+16.3pp | 79.3%+12.6pp | 69.8%+22.1pp |
| Annual return | -14.43% | -8.00%-6.4pp | -14.98%+0.6pp | 1.57%-16.0pp |
| Employer contribution / active EE | $1,408 | $2,536-44.5% | $4,232-66.7% | $2,545-44.7% |
| Participant deferral / active EE | $3,810 | $4,360-12.6% | $5,601-32.0% | $4,239-10.1% |
| Admin fee / account holder | $326 | $755-56.8% | $10,329-96.8% | $594-45.0% |