Filed November 10, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE3 years Service code 64 ONE COLUMBUS PLAZA · COLUMBUS, OH 43215 | Recordkeeping Fees | $12,441 |
PENSION ASSURANCE LLP3 years Filed as: THE PENSION SERVICE,INC. Service code 13 127 WASHINGTON AVENUE, WEST WING · NORTH HAVEN, CT 06473 | Contract Administrator | $750 |
PENSION ASSURANCE LLP3 years Filed as: THE PENSION SERVICE, INC. Service code 13 | Contract Administrator | $135 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $41,507 | $61,166-32.1% | $185,849-77.7% | $79,391-47.7% |
| Participation rate | 32.4% | 66.6%-34.2pp | 81.7%-49.3pp | 70.7%-38.3pp |
| Annual return | 29.55% | 19.45%+10.1pp | 122.10%-92.5pp | 116.88%-87.3pp |
| Employer contribution / active EE | $0 | $2,321-100.0% | $5,169-100.0% | $2,428-100.0% |
| Participant deferral / active EE | $1,782 | $2,789-36.1% | $5,569-68.0% | $4,046-56.0% |
| Admin fee / account holder | $167 | $710-76.5% | $16,244-99.0% | $627-73.4% |