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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $14,262 |
Filed as: NORTHWESTERN MUTUAL WM Service code 26 · EIN 39-2018056 | Advisory (Participants) | $8,006 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,977 | $60,504-57.1% | $81,882-68.3% | $74,478-65.1% |
| Participation rate | 24.9% | 62.9%-38.1pp | 72.4%-47.5pp | 67.2%-42.4pp |
| Annual return | 18.44% | 16.91%+1.5pp | 779.47%-761.0pp | 1370.56%-1352.1pp |
| Employer contribution / active EE | $589 | $2,627-77.6% | $2,916-79.8% | $2,626-77.6% |
| Participant deferral / active EE | $2,447 | $3,400-28.0% | $4,323-43.4% | $4,350-43.8% |
| Admin fee / account holder | $1,387 | $1,492-7.0% | $7,360-81.1% | $1,946-28.7% |