Filed November 1, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $14,937 |
SUMMIT FINANCIAL CORPORATION3+ years Service code 13 700 DISTRICT AVENUE, 9TH FLOOR · BURLINGTON, MA 01803 | Contract Administrator | $13,642 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $8,462 |
COMMONWEALTH FINANCIAL NETWORK3+ years Service code 33 ONE UNIVERSITY PARK · WALTHAM, MA 02453 | Securities brokerage; Other fees | $5,105 |
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 | $60,527 | $50,637+19.5% | $86,582-30.1% | $62,293-2.8% |
| Participation rate | 47.6% | 67.9%-20.3pp | 73.5%-25.9pp | 69.5%-21.9pp |
| Annual return | 16.60% | 20.80%-4.2pp | 965.08%-948.5pp | 28.90%-12.3pp |
| Employer contribution / active EE | $271 | $2,075-86.9% | $2,839-90.4% | $2,042-86.7% |
| Participant deferral / active EE | $3,539 | $2,611+35.6% | $3,609-1.9% | $3,169+11.7% |
| Admin fee / account holder | $224 | $413-45.8% | $4,904-95.4% | $479-53.3% |