Filed March 5, 2020
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Service code 15 ONE NATIONWIDE BLVD · COLUMBUS, OH 43218 | Recordkeeping | $9,383 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,283 | $55,453-76.0% | $170,435-92.2% | $62,293-78.7% |
| Participation rate | 41.4% | 66.4%-25.0pp | 83.6%-42.2pp | 69.5%-28.1pp |
| Annual return | 14.46% | 21.38%-6.9pp | 205.94%-191.5pp | 28.90%-14.4pp |
| Employer contribution / active EE | $433 | $2,164-80.0% | $5,432-92.0% | $2,042-78.8% |
| Participant deferral / active EE | $1,086 | $2,303-52.8% | $4,939-78.0% | $3,169-65.7% |
| Admin fee / account holder | $13 | $455-97.1% | $13,881-99.9% | $479-97.3% |