Filed March 8, 2019
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Service code 13 · EIN 31-4156830 | Contract Administrator | $751 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $32,875 | $63,156-47.9% | $122,354-73.1% | $62,293-47.2% |
| Participation rate | 13.9% | 60.0%-46.1pp | 71.6%-57.7pp | 69.5%-55.6pp |
| Annual return | 84.34% | 20.61%+63.7pp | 30.28%+54.1pp | 28.90%+55.4pp |
| Employer contribution / active EE | $0 | $1,385-100.0% | $4,051-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $518 | $2,321-77.7% | $3,287-84.2% | $3,169-83.7% |
| Admin fee / account holder | $9 | $440-98.0% | $5,479-99.8% | $479-98.2% |