Filed June 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $13,783 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,143 | $50,464-48.2% | $75,781-65.5% | $52,331-50.0% |
| Participation rate | 56.3% | 66.8%-10.5pp | 75.8%-19.6pp | 68.1%-11.9pp |
| Annual return | -0.92% | 1.03%-2.0pp | 9.68%-10.6pp | 4.54%-5.5pp |
| Employer contribution / active EE | $998 | $1,988-49.8% | $3,323-70.0% | $1,882-47.0% |
| Participant deferral / active EE | $2,460 | $2,570-4.3% | $3,651-32.6% | $3,022-18.6% |
| Admin fee / account holder | $0 | $1,103-100.0% | $5,299-100.0% | $592-100.0% |