Filed December 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE5+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $29,973 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,486 | $51,620-71.9% | $90,281-84.0% | $65,185-77.8% |
| Participation rate | 100.0% | 68.6%+31.4pp | 73.3%+26.7pp | 70.2%+29.8pp |
| Annual return | 22.48% | 24.94%-2.5pp | 78.10%-55.6pp | 29.38%-6.9pp |
| Employer contribution / active EE | $2,352 | $2,235+5.3% | $2,854-17.6% | $2,177+8.1% |
| Participant deferral / active EE | $2,074 | $2,871-27.7% | $3,885-46.6% | $3,514-41.0% |
| Admin fee / account holder | $0 | $384-100.0% | $5,351-100.0% | $847-100.0% |