Filed March 11, 2021 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
GLOBAL RETIREMENT PARTNERS LLC1+ years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 49 · EIN 95-2868024 | Other Services | $52,000 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $16,927 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $83,145 | $68,413+21.5% | $123,105-32.5% | $55,191+50.6% |
| Participation rate | 94.4% | 84.5%+9.9pp | 86.8%+7.7pp | 69.2%+25.3pp |
| Annual return | 1.71% | 6.30%-4.6pp | 13.22%-11.5pp | 10.78%-9.1pp |
| Employer contribution / active EE | $3,377 | $3,050+10.7% | $5,151-34.4% | $1,899+77.9% |
| Participant deferral / active EE | $5,544 | $4,490+23.5% | $6,229-11.0% | $3,046+82.0% |
| Admin fee / account holder | $16 | $88-81.3% | $9,014-99.8% | $91-81.9% |