Filed May 25, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $250,273 |
Filed as: PENSION FINANCIAL SERVICES, INC Service code 13 3700 CRESTWOOD PKWY, SUITE 550 · DULUTH, GA 30096 | Contract Administrator | $67,439 |
STRATEGIC ADVISORS, INC.1 year Service code 28 1950 N PARK PL, STE 100 · ATLANTA, GA 30339 | Investment Management | $66,361 |
Filed as: PENSION FINANCIAL SERVICES INC Service code 13 | Contract Administrator | $47,059 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $85,176 | $82,783+2.9% | $133,956-36.4% | $90,288-5.7% |
| Participation rate | 74.1% | 81.3%-7.2pp | 79.8%-5.7pp | 73.4%+0.8pp |
| Annual return | 11.76% | 21.89%-10.1pp | 45.09%-33.3pp | 53.97%-42.2pp |
| Employer contribution / active EE | $1,172 | $2,388-50.9% | $3,919-70.1% | $2,524-53.6% |
| Participant deferral / active EE | $3,450 | $4,291-19.6% | $5,048-31.7% | $4,232-18.5% |
| Admin fee / account holder | $310 | $93+234.4% | $8,927-96.5% | $114+172.2% |