Filed November 1, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $36,155 |
SUMMIT FINANCIAL CORPORATION1+ years Service code 13 7 NEW ENGLAND EXECUTIVE PARK · BURLINGTON, MA 01803 | Contract Administrator | $11,530 |
NATIONWIDE1+ years Filed as: NATIONIWIDE Service code 15 | Recordkeeping | $10,056 |
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 33 ONE UNIVERSITY PARK · WALTHAM, MA 02453 | Other fees; Securities brokerage | $5,754 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $47,260 | $41,854+12.9% | $73,836-36.0% | $52,331-9.7% |
| Participation rate | 45.0% | 66.2%-21.2pp | 73.4%-28.4pp | 68.1%-23.1pp |
| Annual return | -1.22% | 2.11%-3.3pp | 2268.06%-2269.3pp | 4.54%-5.8pp |
| Employer contribution / active EE | $284 | $1,920-85.2% | $2,787-89.8% | $1,882-84.9% |
| Participant deferral / active EE | $3,245 | $2,498+29.9% | $3,583-9.4% | $3,022+7.4% |
| Admin fee / account holder | $333 | $493-32.4% | $4,882-93.2% | $592-43.7% |