Filed February 8, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $22,833 |
Filed as: USB FINANCIAL SERVICES, INC. Service code 26 PMT SVCS PCM C/O DCA YY 714420 · NASHVILLE, TN 37238 | Advisory (Participants) | $19,430 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $32,362 | $51,620-37.3% | $90,324-64.2% | $65,186-50.4% |
| Participation rate | 80.2% | 68.6%+11.5pp | 73.3%+6.9pp | 70.2%+10.0pp |
| Annual return | 24.20% | 24.94%-0.7pp | 78.15%-54.0pp | 29.39%-5.2pp |
| Employer contribution / active EE | $1,442 | $2,235-35.5% | $2,856-49.5% | $2,177-33.8% |
| Participant deferral / active EE | $2,863 | $2,871-0.3% | $3,885-26.3% | $3,514-18.5% |
| Admin fee / account holder | $178 | $384-53.7% | $5,356-96.7% | $847-79.0% |