Filed July 10, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE3 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $15,642 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $14,693 | $65,322-77.5% | $70,449-79.1% | $73,488-80.0% |
| Participation rate | 39.7% | 77.0%-37.2pp | 75.1%-35.3pp | 70.7%-31.0pp |
| Annual return | 16.94% | 15.71%+1.2pp | 109.03%-92.1pp | 28.51%-11.6pp |
| Employer contribution / active EE | $901 | $2,460-63.4% | $2,737-67.1% | $2,270-60.3% |
| Participant deferral / active EE | $1,394 | $3,375-58.7% | $3,709-62.4% | $3,740-62.7% |
| Admin fee / account holder | $0 | $214-100.0% | $3,845-100.0% | $513-100.0% |