Filed December 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE3+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $19,281 |
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 | $10,318 | $50,637-79.6% | $86,582-88.1% | $62,293-83.4% |
| Participation rate | 99.4% | 67.9%+31.5pp | 73.5%+25.8pp | 69.5%+29.9pp |
| Annual return | 21.59% | 20.80%+0.8pp | 965.08%-943.5pp | 28.90%-7.3pp |
| Employer contribution / active EE | $1,560 | $2,075-24.9% | $2,839-45.1% | $2,042-23.6% |
| Participant deferral / active EE | $1,569 | $2,611-39.9% | $3,609-56.5% | $3,169-50.5% |
| Admin fee / account holder | $0 | $413-100.0% | $4,904-100.0% | $479-100.0% |