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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE5+ years Service code 64 · EIN 31-4156830 | Recordkeeping Fees | $17,187 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC-RPCP Service code 71 · EIN 95-2834236 | Brokerage Fees | $15,083 |
BDO USA, LLP2 years Service code 14 · EIN 34-1411795 | Plan Administrator | $6,755 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $11,732 | $26,479-55.7% | $74,723-84.3% | $77,775-84.9% |
| Participation rate | 21.3% | 37.6%-16.3pp | 54.5%-33.1pp | 73.2%-51.9pp |
| Annual return | 22.62% | 38.31%-15.7pp | 753.18%-730.6pp | 32.58%-10.0pp |
| Employer contribution / active EE | $79 | $440-82.0% | $1,084-92.7% | $2,504-96.8% |
| Participant deferral / active EE | $393 | $1,074-63.5% | $1,962-80.0% | $3,966-90.1% |
| Admin fee / account holder | $104 | $119-12.6% | $3,335-96.9% | $100+4.0% |