Filed December 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $20,756 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $10,724 | $43,423-75.3% | $78,676-86.4% | $55,167-80.6% |
| Participation rate | 84.9% | 68.0%+16.9pp | 73.6%+11.3pp | 69.0%+15.9pp |
| Annual return | 6.84% | 11.53%-4.7pp | 62.19%-55.4pp | 169.23%-162.4pp |
| Employer contribution / active EE | $1,179 | $1,997-40.9% | $2,850-58.6% | $1,963-39.9% |
| Participant deferral / active EE | $1,713 | $2,509-31.7% | $3,517-51.3% | $3,054-43.9% |
| Admin fee / account holder | $0 | $416-100.0% | $4,510-100.0% | $504-100.0% |