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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $63,329 |
Filed as: IRON-CO-FID-TRADITIONAL Service code 27 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062 | Advisory (Plan) | $5,277 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $62,537 | $52,967+18.1% | $172,753-63.8% | $65,186-4.1% |
| Participation rate | 59.6% | 66.2%-6.6pp | 82.6%-23.0pp | 70.2%-10.6pp |
| Annual return | 20.39% | 30.12%-9.7pp | 803.00%-782.6pp | 29.39%-9.0pp |
| Employer contribution / active EE | $1,209 | $2,190-44.8% | $5,144-76.5% | $2,177-44.4% |
| Participant deferral / active EE | $1,927 | $2,471-22.0% | $5,198-62.9% | $3,514-45.2% |
| Admin fee / account holder | $625 | $472+32.3% | $13,956-95.5% | $847-26.3% |