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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $11,901 |
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.
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).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,755 | $66,813-70.4% | $100,528-80.3% | $73,493-73.1% |
| Participation rate | 28.7% | 77.5%-48.8pp | 79.4%-50.7pp | 70.7%-42.0pp |
| Annual return | 14.86% | 25.70%-10.8pp | 30.90%-16.0pp | 28.51%-13.6pp |
| Employer contribution / active EE | $601 | $2,147-72.0% | $3,419-82.4% | $2,270-73.5% |
| Participant deferral / active EE | $1,494 | $5,883-74.6% | $6,271-76.2% | $3,740-60.0% |
| Admin fee / account holder | $114 | $512-77.8% | $8,084-98.6% | $513-77.8% |