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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $75,563 |
Service code 13 · EIN 52-0783935 | Contract Administrator | $9,964 |
Service code 10 · EIN 27-3938761 | Accounting | $8,770 |
SECURITIES AMERICA INC4+ years Filed as: M & T SECURITIES Service code 22 285 DELAWARE AVENUE SUITE 2000 · BUFFALO, NY 14202 | Insurance Broker | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $64,623 | $33,067+95.4% | $76,518-15.5% | $56,287+14.8% |
| Participation rate | 82.8% | 55.4%+27.4pp | 68.0%+14.8pp | 69.9%+13.0pp |
| Annual return | -4.99% | 2.72%-7.7pp | -0.27%-4.7pp | -9.96%+5.0pp |
| Employer contribution / active EE | $1,476 | $1,200+22.9% | $2,647-44.3% | $2,111-30.1% |
| Participant deferral / active EE | $2,284 | $2,240+2.0% | $3,836-40.4% | $3,350-31.8% |
| Admin fee / account holder | $427 | $537-20.5% | $4,849-91.2% | $521-18.1% |