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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Filed as: NATIONWIDE TRUST COMPANY Service code 15 · EIN 31-1592130 | Recordkeeping | $84,052 |
SUMMIT FINANCIAL CORPORATION2+ years Service code 13 · EIN 04-3222046 | Contract Administrator | $78,886 |
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 33 · EIN 04-2675571 | Other fees; Securities brokerage | $21,663 |
NATIONWIDE2+ years Service code 15 | Recordkeeping | $1,146 |
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 | $46,554 | $63,905-27.2% | $74,184-37.2% | $57,658-19.3% |
| Participation rate | 89.5% | 79.8%+9.7pp | 76.6%+12.9pp | 70.2%+19.3pp |
| Annual return | 6.38% | 60.60%-54.2pp | 17.74%-11.4pp | 5.13%+1.2pp |
| Employer contribution / active EE | $901 | $1,840-51.0% | $2,370-62.0% | $1,974-54.3% |
| Participant deferral / active EE | $2,359 | $3,448-31.6% | $3,550-33.5% | $3,061-22.9% |
| Admin fee / account holder | $310 | $91+240.6% | $5,586-94.4% | $95+228.1% |