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| Provider | Service type | Compensation |
|---|---|---|
COMMONWEALTH FINANCIAL NETWORK4+ years Service code 33 29 SAWYER ROAD · WALTHAM, MA 02453 | Other fees; Securities brokerage | $29,222 |
NATIONWIDE4+ years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $28,771 |
SUMMIT FINANCIAL CORPORATION4+ years Service code 13 · EIN 04-3222046 700 DISTRICT AVENUE · BURLINGTON, MA 01803 | Contract Administrator | $20,214 |
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 | $157,579 | $66,302+137.7% | $110,243+42.9% | $56,289+179.9% |
| Participation rate | 96.1% | 74.9%+21.2pp | 79.8%+16.3pp | 69.9%+26.3pp |
| Annual return | -5.04% | -1.18%-3.9pp | 314.76%-319.8pp | -9.96%+4.9pp |
| Employer contribution / active EE | $796 | $2,047-61.1% | $3,827-79.2% | $2,111-62.3% |
| Participant deferral / active EE | $9,121 | $3,381+169.8% | $4,672+95.2% | $3,350+172.3% |
| Admin fee / account holder | $663 | $698-5.1% | $8,548-92.2% | $521+27.2% |