Filed July 10, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE5 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $25,022 |
Filed as: NORTHWESTERN MUT INV SRVCS Service code 27 ATTN IPS COMPENSATION · MILWAUKEE, WI 53202 | Advisory (Plan) | $0 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,611 | $60,989-69.5% | $60,899-69.4% | $66,930-72.2% |
| Participation rate | 53.2% | 74.5%-21.3pp | 73.1%-19.9pp | 69.8%-16.6pp |
| Annual return | -14.95% | -9.60%-5.3pp | 16.92%-31.9pp | 1.57%-16.5pp |
| Employer contribution / active EE | $1,065 | $2,661-60.0% | $2,702-60.6% | $2,545-58.2% |
| Participant deferral / active EE | $1,701 | $3,615-52.9% | $3,817-55.4% | $4,238-59.9% |
| Admin fee / account holder | $0 | $338-100.0% | $3,225-100.0% | $593-100.0% |