Filed July 10, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $12,295 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,600 | $60,795-82.6% | $69,464-84.7% | $65,185-83.7% |
| Participation rate | 43.9% | 74.9%-31.0pp | 74.6%-30.7pp | 70.2%-26.3pp |
| Annual return | 29.11% | 17.46%+11.7pp | 28.98%+0.1pp | 29.38%-0.3pp |
| Employer contribution / active EE | $948 | $2,452-61.3% | $2,779-65.9% | $2,177-56.4% |
| Participant deferral / active EE | $1,605 | $3,162-49.2% | $3,536-54.6% | $3,514-54.3% |
| Admin fee / account holder | $0 | $314-100.0% | $3,840-100.0% | $847-100.0% |