Filed September 26, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE5 years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Contract Administrator | $92,185 |
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 13 · EIN 85-0833363 878 W AIRPORT RD · MENASHA, WI 59452 | Contract Administrator | $17,155 |
Filed as: AMERIPRISE FINANCIAL SERVICES Service code 28 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474 | Investment Management | $3,660 |
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 | $39,683 | $54,729-27.5% | $86,235-54.0% | $71,529-44.5% |
| Participation rate | 93.9% | 60.1%+33.8pp | 69.0%+24.9pp | 67.9%+26.0pp |
| Annual return | 14.78% | 20.07%-5.3pp | 1170.03%-1155.2pp | 28.97%-14.2pp |
| Employer contribution / active EE | $3,068 | $1,267+142.1% | $2,381+28.8% | $2,590+18.5% |
| Participant deferral / active EE | $4,443 | $3,110+42.9% | $3,987+11.4% | $4,291+3.5% |
| Admin fee / account holder | $301 | $1,921-84.3% | $6,856-95.6% | $1,588-81.0% |