Filed September 26, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE3 years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Contract Administrator | $95,899 |
Filed as: AMERIPRISE FINANCIAL SERVICES Service code 28 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474 | Investment Management | $38,338 |
Filed as: NATIONAL ADMINISTRATION, INC Service code 13 · EIN 39-1967492 878 W AIRPORT RD · MENASHA, WI 59452 | Contract Administrator | $17,086 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,417 | $59,220-30.1% | $96,572-57.1% | $79,389-47.8% |
| Participation rate | 93.2% | 61.9%+31.3pp | 69.8%+23.3pp | 70.7%+22.5pp |
| Annual return | 14.70% | 27.08%-12.4pp | 37.79%-23.1pp | 116.89%-102.2pp |
| Employer contribution / active EE | $2,778 | $1,216+128.4% | $2,357+17.9% | $2,428+14.4% |
| Participant deferral / active EE | $4,440 | $2,948+50.6% | $3,850+15.3% | $4,046+9.7% |
| Admin fee / account holder | $359 | $659-45.5% | $6,183-94.2% | $626-42.7% |