Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE4 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215 | Recordkeeping | $179,490 |
Filed as: PENSION FINANCIAL SERVICES INC Service code 13 3700 CRESTWOOD PKWY SUITE 550 · DULUTH, GA 30096 | Contract Administrator | $43,878 |
IRON-CO-FID-COMPREHENSIVE5 years Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE Service code 28 5440 W 110TH ST · SHAWNEE MISSION, KS 66211 | Investment Management | $24,129 |
CARR, RIGGS & INGRAM, LLC4 years Filed as: CARR, RIGGS AND INGRAM Service code 10 4004 SUMMIT BLVD NE SUITE 800 · ATLANTA, GA 30319 | Accounting | $14,500 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $115,996 | $82,188+41.1% | $125,391-7.5% | $64,824+78.9% |
| Participation rate | 91.9% | 77.9%+14.0pp | 82.4%+9.5pp | 71.5%+20.4pp |
| Annual return | -18.34% | 3.50%-21.8pp | 572.41%-590.7pp | 32.84%-51.2pp |
| Employer contribution / active EE | $2,965 | $3,617-18.0% | $4,816-38.4% | $2,507+18.3% |
| Participant deferral / active EE | $10,430 | $7,177+45.3% | $7,448+40.0% | $4,311+141.9% |
| Admin fee / account holder | $628 | $163+284.8% | $10,009-93.7% | $188+234.4% |