Filed December 28, 2015
Total covered: 14 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $108,341 |
GLOBAL RETIREMENT PARTNERS LLC2+ years Service code 27 · EIN 47-1411118 | Advisory (Plan) | $37,363 |
WITHUMSMITH+BROWN, PC2+ years Filed as: WITHUMSMITH & BROWN PC Service code 10 · EIN 22-2027092 | Accounting | $21,736 |
BLUE CHIP RETIREMENT PLANS, INC.2+ years Filed as: BLUE RIDGE ASSOCIATES Service code 13 · EIN 13-4238973 | Contract Administrator | $20,923 |
COASTAL PENSION SERVICES2+ years Filed as: COASTAL PENSION SERVICES, LLC Service code 13 · EIN 52-1053785 | Contract Administrator | $13,639 |
ARTIS SENIOR LIVING, LLC1 year Service code 38 · EIN 30-0718471 | Participant Communication | $9,469 |
APRIO LLP1 year Filed as: APRIO WEALTH MANAGEMENT, LLC Service code 27 · EIN 58-2484343 | Advisory (Plan) | $8,040 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,601 | $50,982+38.5% | $154,803-54.4% | $85,563-17.5% |
| Participation rate | 30.9% | 59.8%-28.8pp | 78.1%-47.1pp | 66.0%-35.0pp |
| Annual return | 14.52% | 30.35%-15.8pp | 58.88%-44.4pp | 31.51%-17.0pp |
| Employer contribution / active EE | $880 | $1,708-48.5% | $4,305-79.5% | $2,654-66.8% |
| Participant deferral / active EE | $1,818 | $2,474-26.5% | $5,540-67.2% | $4,375-58.4% |
| Admin fee / account holder | $326 | $846-61.5% | $14,329-97.7% | $834-61.0% |