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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $90,950 |
Filed as: IFP ADVISORS, INC. Service code 26 DBA INDEPENDENT FINANCIAL PARTNERS · TAMPA, FL 33607 | Advisory (Participants) | $29,216 |
NEWPORT GROUP, INC.2 years Filed as: KIDDER BENEFITS CONSULTANTS, INC. Service code 15 5700 WESTOWN PARKWAY · WEST DES MOINES, IA 50266 | Recordkeeping | $18,685 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $287,380 | $52,967+442.6% | $172,753+66.4% | $65,186+340.9% |
| Participation rate | 100.0% | 66.2%+33.8pp | 82.6%+17.4pp | 70.2%+29.8pp |
| Annual return | 21.03% | 30.12%-9.1pp | 803.00%-782.0pp | 29.39%-8.4pp |
| Employer contribution / active EE | $3,002 | $2,190+37.1% | $5,144-41.6% | $2,177+37.9% |
| Participant deferral / active EE | $7,676 | $2,471+210.6% | $5,198+47.7% | $3,514+118.4% |
| Admin fee / account holder | $579 | $472+22.8% | $13,956-95.8% | $847-31.6% |