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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE9+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $23,825 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,007 | $93,571-81.8% | $135,903-87.5% | $75,163-77.4% |
| Participation rate | 16.9% | 75.2%-58.3pp | 81.9%-65.0pp | 67.2%-50.3pp |
| Annual return | 13.67% | 30.90%-17.2pp | 68.23%-54.6pp | 160.62%-146.9pp |
| Employer contribution / active EE | $0 | $3,537-100.0% | $4,856-100.0% | $2,670-100.0% |
| Participant deferral / active EE | $2,916 | $6,404-54.5% | $7,758-62.4% | $4,125-29.3% |
| Admin fee / account holder | $70 | $6,975-99.0% | $10,762-99.4% | $5,651-98.8% |