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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2 years Service code 15 · EIN 31-4156830 ONE COLUMBUS PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $13,875 |
THE BENEFIT ADVANTAGE, INC.2 years Service code 15 · EIN 38-3254950 3497 AUBURN ROAD · AUBURN HILLS, MI 48326 | Recordkeeping | $2,634 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $88,474 | $64,919+36.3% | $392,568-77.5% | $65,185+35.7% |
| Participation rate | 25.4% | 72.0%-46.6pp | 78.1%-52.6pp | 70.2%-44.8pp |
| Annual return | 21.44% | 26.09%-4.7pp | 24.42%-3.0pp | 29.38%-7.9pp |
| Employer contribution / active EE | $1,351 | $2,374-43.1% | $3,783-64.3% | $2,177-37.9% |
| Participant deferral / active EE | $1,766 | $3,668-51.9% | $5,985-70.5% | $3,514-49.7% |
| Admin fee / account holder | $413 | $634-34.9% | $6,260-93.4% | $847-51.3% |