Filed November 4, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE3+ years Service code 15 · EIN 31-4156830 | Recordkeeping | $88,144 |
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ FINANCIAL SERVICES, INC. Service code 26 | Advisory (Participants) | $31,070 |
Filed as: CBIZ BENEFITS AND INS SERVICES INC Service code 37 · EIN 31-1582098 | Loan Processing | $12,341 |
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ FINANCIAL SOLUTIONS INC 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.
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 | $10,999 | $44,989-75.6% | $170,435-93.5% | $77,958-85.9% |
| Participation rate | 54.4% | 64.6%-10.2pp | 83.6%-29.2pp | 71.6%-17.3pp |
| Annual return | 16.56% | 19.61%-3.0pp | 205.94%-189.4pp | 20.87%-4.3pp |
| Employer contribution / active EE | $0 | $1,466-100.0% | $5,432-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $1,161 | $2,208-47.4% | $4,939-76.5% | $3,537-67.2% |
| Admin fee / account holder | $99 | $69+43.8% | $13,881-99.3% | $97+1.8% |