Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215 | Recordkeeping | $140,231 |
Filed as: PENSION FINANCIAL SERVICES INC Service code 13 3700 CRESTWOOD PKWY SUITE 550 · DULUTH, GA 30096 | Contract Administrator | $29,571 |
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE Service code 28 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062 | Investment Management | $19,139 |
Filed as: CARR, RIGGS AND INGRAM Service code 10 4004 SUMMIT BLVD NE SUITE 800 · ATLANTA, GA 30319 | Accounting | $12,975 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $112,520 | $88,122+27.7% | $141,197-20.3% | $67,582+66.5% |
| Participation rate | 100.0% | 76.5%+23.5pp | 82.5%+17.5pp | 71.3%+28.7pp |
| Annual return | 23.94% | 75.40%-51.5pp | 71.41%-47.5pp | 378.57%-354.6pp |
| Employer contribution / active EE | $3,257 | $3,224+1.0% | $4,736-31.2% | $2,148+51.7% |
| Participant deferral / active EE | $8,388 | $5,958+40.8% | $6,710+25.0% | $3,539+137.0% |
| Admin fee / account holder | $522 | $131+298.5% | $10,265-94.9% | $142+266.6% |