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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Filed as: NATIONWIDE INSURANCE CO Service code 13 · EIN 31-4156830 | Contract Administrator | $3,402 |
Service code 14 · EIN 11-3592473 | Plan Administrator | $3,213 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,701 | $65,083-94.3% | $143,788-97.4% | $66,930-94.5% |
| Participation rate | 53.4% | 65.2%-11.8pp | 80.3%-26.9pp | 69.8%-16.4pp |
| Annual return | -16.49% | -11.13%-5.4pp | -0.03%-16.5pp | 1.57%-18.1pp |
| Employer contribution / active EE | $682 | $2,361-71.1% | $4,952-86.2% | $2,545-73.2% |
| Participant deferral / active EE | $957 | $2,920-67.2% | $5,638-83.0% | $4,238-77.4% |
| Admin fee / account holder | $47 | $502-90.7% | $14,675-99.7% | $593-92.1% |