Filed November 4, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Service code 15 · EIN 31-4156830 | Recordkeeping | $74,722 |
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ FINANCIAL SERVICES, INC. Service code 26 | Advisory (Participants) | $26,105 |
Filed as: CBIZ BENEFITS AND INS SERVICES INC Service code 37 · EIN 31-1582098 | Loan Processing | $3,997 |
Filed as: CBIZ FINANCIAL SOLUTIONS Service code 26 · EIN 52-1396995 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,551 | $37,213-77.0% | $156,551-94.5% | $63,975-86.6% |
| Participation rate | 50.6% | 65.0%-14.4pp | 84.0%-33.4pp | 71.1%-20.5pp |
| Annual return | 7.86% | 47.89%-40.0pp | 32.23%-24.4pp | 48.65%-40.8pp |
| Employer contribution / active EE | $0 | $1,357-100.0% | $5,501-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $1,040 | $2,070-49.8% | $4,871-78.7% | $3,356-69.0% |
| Admin fee / account holder | $72 | $56+27.4% | $13,028-99.4% | $70+1.9% |