Filed June 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $41,530 |
ARVEST ASSET MANAGEMENT1 year Filed as: ARVEST WEALTH MANAGEMENT Service code 52 PO BOX 1515 · LOWELL, AR 727451515 | Indirect Investment Fees | $20,147 |
ARVEST ASSET MANAGEMENT1 year Filed as: ARVEST WEATLH MANAGEMENT Service code 52 | Indirect Investment Fees | $20,147 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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).
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 | $33,704 | $56,443-40.3% | $83,848-59.8% | $55,725-39.5% |
| Participation rate | 57.6% | 72.0%-14.4pp | 76.1%-18.5pp | 70.9%-13.2pp |
| Annual return | -7.66% | 393.67%-401.3pp | 850.88%-858.5pp | 244.93%-252.6pp |
| Employer contribution / active EE | $1,206 | $2,682-55.0% | $3,631-66.8% | $2,078-42.0% |
| Participant deferral / active EE | $2,812 | $2,965-5.1% | $4,082-31.1% | $3,356-16.2% |
| Admin fee / account holder | $0 | $156-100.0% | $5,478-100.0% | $115-100.0% |