Filed September 26, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE4 years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Contract Administrator | $86,867 |
Filed as: NATIONAL ADMINISTRATION, INC Service code 13 · EIN 39-1967492 878 W AIRPORT RD · MENASHA, WI 59452 | Contract Administrator | $17,358 |
Filed as: AMERIPRISE FINANCIAL SERVICES Service code 28 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474 | Investment Management | $4,380 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,072 | $42,367-19.6% | $79,583-57.2% | $64,824-47.4% |
| Participation rate | 93.6% | 64.7%+28.9pp | 69.5%+24.1pp | 71.5%+22.1pp |
| Annual return | -17.14% | -12.24%-4.9pp | 0.16%-17.3pp | 32.84%-50.0pp |
| Employer contribution / active EE | $2,656 | $1,181+125.0% | $2,414+10.1% | $2,507+5.9% |
| Participant deferral / active EE | $4,299 | $3,168+35.7% | $3,986+7.9% | $4,311-0.3% |
| Admin fee / account holder | $303 | $160+89.9% | $6,835-95.6% | $188+61.3% |