Filed November 4, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE4+ years Service code 15 · EIN 31-4156830 | Recordkeeping | $94,588 |
CBIZ RETIREMENT PLAN SERVICES4+ years Filed as: CBIZ FINANCIAL SERVICES, INC. Service code 26 | Advisory (Participants) | $28,788 |
Filed as: CBIZ BENEFITS AND INS SERVICES INC Service code 37 · EIN 31-1582098 | Loan Processing | $5,494 |
CBIZ RETIREMENT PLAN SERVICES4+ 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.
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 | $10,399 | $45,382-77.1% | $154,114-93.3% | $75,289-86.2% |
| Participation rate | 53.1% | 65.9%-12.8pp | 83.0%-30.0pp | 72.4%-19.4pp |
| Annual return | -3.84% | -0.47%-3.4pp | 735.16%-739.0pp | -0.04%-3.8pp |
| Employer contribution / active EE | $0 | $1,533-100.0% | $5,298-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $1,180 | $2,384-50.5% | $5,081-76.8% | $3,739-68.4% |
| Admin fee / account holder | $93 | $89+3.9% | $13,411-99.3% | $102-9.3% |