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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2 years Service code 19 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Securities Custodian | $25,748 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INS SVCS INC Service code 27 · EIN 51-0116113 1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004 | Advisory (Plan) | $0 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $40,811 | $53,774-24.1% | $134,162-69.6% | $79,856-48.9% |
| Participation rate | 61.7% | 58.8%+3.0pp | 72.2%-10.5pp | 69.6%-7.9pp |
| Annual return | 7.68% | 19.01%-11.3pp | 36.35%-28.7pp | 31.71%-24.0pp |
| Employer contribution / active EE | $685 | $1,322-48.2% | $3,705-81.5% | $2,471-72.3% |
| Participant deferral / active EE | $2,297 | $2,420-5.1% | $3,500-34.4% | $3,741-38.6% |
| Admin fee / account holder | $0 | $3,985-100.0% | $6,685-100.0% | $5,306-100.0% |