Filed March 11, 2021 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
GLOBAL RETIREMENT PARTNERS LLC3+ years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 49 · EIN 95-2868024 | Other Services | $66,250 |
ROGERS CLEM AND COMPANY1 year Filed as: ROGERS, CLEM & COMPANY Service code 10 · EIN 95-2694521 | Accounting | $22,990 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,740 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $140,666 | $81,537+72.5% | $149,721-6.0% | $69,631+102.0% |
| Participation rate | 56.8% | 86.1%-29.3pp | 87.1%-30.2pp | 70.7%-13.8pp |
| Annual return | 17.79% | 22.79%-5.0pp | 1501.67%-1483.9pp | 27571.02%-27553.2pp |
| Employer contribution / active EE | $3,822 | $3,239+18.0% | $5,444-29.8% | $2,032+88.1% |
| Participant deferral / active EE | $6,085 | $4,994+21.9% | $6,568-7.4% | $3,224+88.8% |
| Admin fee / account holder | $21 | $107-80.0% | $11,282-99.8% | $110-80.6% |