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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $43,027 |
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 33 29 SAWYER ROAD · WALTHAM, MA 02453 | Other fees; Securities brokerage | $33,208 |
SUMMIT FINANCIAL CORPORATION2+ years Service code 13 · EIN 04-3222046 700 DISTRICT AVENUE · BURLINGTON, MA 01803 | Contract Administrator | $9,393 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $154,999 | $63,924+142.5% | $108,582+42.7% | $55,167+181.0% |
| Participation rate | 96.1% | 74.3%+21.8pp | 79.6%+16.5pp | 69.0%+27.1pp |
| Annual return | 8.74% | 15.31%-6.6pp | -51.70%+60.4pp | 169.23%-160.5pp |
| Employer contribution / active EE | $749 | $1,879-60.2% | $3,758-80.1% | $1,963-61.8% |
| Participant deferral / active EE | $7,704 | $3,067+151.2% | $4,311+78.7% | $3,054+152.2% |
| Admin fee / account holder | $422 | $618-31.7% | $7,645-94.5% | $504-16.3% |