Filed November 1, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $26,403 |
SUMMIT FINANCIAL CORPORATION2+ years Service code 13 700 DISTRICT AVENUE, 9TH FLOOR · BURLINGTON, MA 01803 | Contract Administrator | $12,308 |
NATIONWIDE2+ years Filed as: NATIONIWIDE Service code 15 | Recordkeeping | $7,189 |
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 33 ONE UNIVERSITY PARK · WALTHAM, MA 02453 | Securities brokerage; Other fees | $6,156 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $52,099 | $43,423+20.0% | $78,676-33.8% | $55,167-5.6% |
| Participation rate | 50.0% | 68.0%-18.0pp | 73.6%-23.6pp | 69.0%-19.0pp |
| Annual return | 7.58% | 11.53%-3.9pp | 62.19%-54.6pp | 169.23%-161.6pp |
| Employer contribution / active EE | $297 | $1,997-85.1% | $2,850-89.6% | $1,963-84.9% |
| Participant deferral / active EE | $3,684 | $2,509+46.9% | $3,517+4.8% | $3,054+20.6% |
| Admin fee / account holder | $254 | $416-39.0% | $4,510-94.4% | $504-49.6% |