Filed October 22, 2019 (most recent of 2 filings on file)
Total covered: 45 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $65,078 |
Filed as: GLOBAL RETIREMENT Service code 16 · EIN 47-1411118 | Consulting | $28,749 |
THE RETIREMENT ADVANTAGE INC10+ years Service code 13 · EIN 39-1816008 | Contract Administrator | $25,125 |
Filed as: WELLTH ADVISORY Service code 13 · EIN 99-2539506 | Contract Administrator | $22,501 |
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 | $167,886 | $79,171+112.1% | $102,423+63.9% | $74,495+125.4% |
| Participation rate | 95.0% | 74.8%+20.2pp | 76.5%+18.5pp | 67.2%+27.8pp |
| Annual return | 13.53% | 54.93%-41.4pp | 29.32%-15.8pp | 1364.94%-1351.4pp |
| Employer contribution / active EE | $3,461 | $2,362+46.5% | $3,023+14.5% | $2,623+32.0% |
| Participant deferral / active EE | $8,297 | $4,415+87.9% | $5,053+64.2% | $4,346+90.9% |
| Admin fee / account holder | $349 | $2,001-82.5% | $9,451-96.3% | $1,942-82.0% |