Filed February 5, 2018
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2 years Service code 15 · EIN 31-1592130 | Recordkeeping | $31,765 |
Filed as: FIFTH THIRD SECURITIES, INC. Service code 27 5001 KINGSLEY DRIVE · CINCINNATI, OH 45227 | Advisory (Plan) | $58 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $12,317 | $46,173-73.3% | $170,435-92.8% | $69,631-82.3% |
| Participation rate | 65.9% | 63.9%+2.0pp | 83.6%-17.7pp | 70.7%-4.8pp |
| Annual return | 33.06% | 21.62%+11.4pp | 205.94%-172.9pp | 27571.02%-27538.0pp |
| Employer contribution / active EE | $959 | $1,610-40.4% | $5,432-82.3% | $2,032-52.8% |
| Participant deferral / active EE | $2,289 | $2,080+10.0% | $4,939-53.7% | $3,224-29.0% |
| Admin fee / account holder | $133 | $116+14.5% | $13,881-99.0% | $110+20.2% |