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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $69,814 |
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON-CO-FID-TRADITIONAL Service code 27 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062 | Advisory (Plan) | $5,796 |
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 | $72,503 | $58,895+23.1% | $178,503-59.4% | $73,497-1.4% |
| Participation rate | 56.3% | 66.2%-10.0pp | 81.9%-25.7pp | 70.7%-14.4pp |
| Annual return | 15.93% | 24.86%-8.9pp | 151.12%-135.2pp | 28.51%-12.6pp |
| Employer contribution / active EE | $425 | $2,236-81.0% | $5,011-91.5% | $2,270-81.3% |
| Participant deferral / active EE | $2,046 | $2,567-20.3% | $5,202-60.7% | $3,740-45.3% |
| Admin fee / account holder | $656 | $400+63.8% | $13,987-95.3% | $513+27.9% |