Filed December 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE4+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $26,271 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $12,128 | $44,873-73.0% | $79,467-84.7% | $56,289-78.5% |
| Participation rate | 92.1% | 68.7%+23.4pp | 73.3%+18.8pp | 69.9%+22.3pp |
| Annual return | -7.83% | 0.81%-8.6pp | 718.30%-726.1pp | -9.96%+2.1pp |
| Employer contribution / active EE | $1,199 | $2,140-44.0% | $2,800-57.2% | $2,111-43.2% |
| Participant deferral / active EE | $1,809 | $2,746-34.1% | $3,704-51.2% | $3,350-46.0% |
| Admin fee / account holder | $0 | $418-100.0% | $5,104-100.0% | $521-100.0% |