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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 | $60,305-56.9% | $81,780-68.2% | $74,400-65.1% |
| Participation rate | 24.9% | 62.9%-38.0pp | 72.4%-47.5pp | 67.2%-42.3pp |
| Annual return | 18.44% | 16.89%+1.6pp | 776.27%-757.8pp | 1367.51%-1349.1pp |
| Employer contribution / active EE | $589 | $2,623-77.5% | $2,914-79.8% | $2,624-77.5% |
| Participant deferral / active EE | $2,447 | $3,390-27.8% | $4,321-43.4% | $4,348-43.7% |
| Admin fee / account holder | $1,387 | $1,484-6.5% | $7,384-81.2% | $1,944-28.6% |