Filed August 1, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE6 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $35,035 |
COMMERCE BANK8+ years Filed as: COMMERCE TRUST COMPANY Service code 27 PO BOX 26621 · KANSAS CITY, MO 64196 | Advisory (Plan) | $0 |
Employer 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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,254 | $130,294-46.1% | $170,043-58.7% | $71,511-1.8% |
| Participation rate | 83.5% | 86.2%-2.7pp | 87.0%-3.6pp | 67.9%+15.5pp |
| Annual return | 24.95% | 20.36%+4.6pp | 53.40%-28.5pp | 28.86%-3.9pp |
| Employer contribution / active EE | $937 | $4,385-78.6% | $6,790-86.2% | $2,589-63.8% |
| Participant deferral / active EE | $4,391 | $6,928-36.6% | $10,410-57.8% | $4,291+2.3% |
| Admin fee / account holder | $377 | $966-61.0% | $12,824-97.1% | $1,588-76.3% |