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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1+ years Filed as: NATIONWIDE TRUST COMPANY Service code 15 · EIN 31-1592130 | Recordkeeping | $87,823 |
SUMMIT FINANCIAL CORPORATION1+ years Service code 13 · EIN 04-3222046 | Contract Administrator | $85,966 |
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 33 · EIN 04-2675571 | Other fees; Securities brokerage | $21,258 |
NATIONWIDE1+ years Service code 15 | Recordkeeping | $4,706 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $45,522 | $72,770-37.4% | $67,652-32.7% | $55,191-17.5% |
| Participation rate | 85.7% | 78.8%+6.9pp | 75.7%+10.0pp | 69.2%+16.5pp |
| Annual return | -1.20% | -3.26%+2.1pp | 6625.40%-6626.6pp | 10.78%-12.0pp |
| Employer contribution / active EE | $816 | $1,769-53.9% | $2,266-64.0% | $1,899-57.0% |
| Participant deferral / active EE | $2,182 | $3,408-36.0% | $3,560-38.7% | $3,046-28.4% |
| Admin fee / account holder | $319 | $79+304.8% | $4,821-93.4% | $91+251.4% |