Filed August 21, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE8+ years Service code 15 · EIN 31-4156830 | Recordkeeping | $35,171 |
AB FUNDS8+ years Filed as: AB&D CO Service code 13 · EIN 54-1703353 | Contract Administrator | $17,573 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,261 | $60,989-81.5% | $60,919-81.5% | $66,949-83.2% |
| Participation rate | 62.9% | 74.5%-11.6pp | 73.1%-10.2pp | 69.8%-7.0pp |
| Annual return | -15.78% | -9.60%-6.2pp | 16.96%-32.7pp | 1.57%-17.3pp |
| Employer contribution / active EE | $1,195 | $2,661-55.1% | $2,704-55.8% | $2,545-53.1% |
| Participant deferral / active EE | $1,131 | $3,615-68.7% | $3,814-70.4% | $4,239-73.3% |
| Admin fee / account holder | $163 | $338-51.8% | $3,228-94.9% | $594-72.5% |