Filed January 2, 2024 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Service code 26 · EIN 31-1592130 | Advisory (Participants) | $41,037 |
Service code 27 | Advisory (Plan) | $0 |
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.)
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 | $44,319 | $49,138-9.8% | $84,020-47.3% | $65,185-32.0% |
| Participation rate | 57.0% | 60.7%-3.7pp | 69.0%-12.0pp | 70.2%-13.2pp |
| Annual return | 22.37% | 23.00%-0.6pp | 71.31%-48.9pp | 29.38%-7.0pp |
| Employer contribution / active EE | $1,103 | $914+20.7% | $1,984-44.4% | $2,177-49.3% |
| Participant deferral / active EE | $2,481 | $2,397+3.5% | $3,239-23.4% | $3,514-29.4% |
| Admin fee / account holder | $591 | $543+8.8% | $6,101-90.3% | $847-30.2% |