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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 | $31,335 |
Filed as: PENSION FINANCIAL SERVICES INC Service code 13 3700 CRESTWOOD PKWY, STE 550 · DULUTH, GA 30096 | Contract Administrator | $11,679 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $24,877 | $66,302-62.5% | $110,241-77.4% | $56,287-55.8% |
| Participation rate | 80.3% | 74.9%+5.4pp | 79.8%+0.5pp | 69.9%+10.5pp |
| Annual return | -2.91% | -1.18%-1.7pp | 314.75%-317.7pp | -9.96%+7.1pp |
| Employer contribution / active EE | $1,108 | $2,047-45.9% | $3,827-71.0% | $2,111-47.5% |
| Participant deferral / active EE | $4,410 | $3,381+30.4% | $4,672-5.6% | $3,350+31.6% |
| Admin fee / account holder | $377 | $698-46.0% | $8,548-95.6% | $521-27.6% |