Filed March 16, 2021 (most recent of 2 filings on file)
Total covered: 16 employees
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Service code 54 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Sales Loads | $13,134 |
Filed as: UNITED PLANNERS FIN SVCS OF AMERICA Service code 27 · EIN 86-0588303 7333 E. DOUBLETREE RANCH RD, #120 · SCOTTSDALE, AZ 85258 | Advisory (Plan) | $6,639 |
MGKS2+ years Service code 15 · EIN 86-1001235 6530 N 16TH ST · PHOENIX, AZ 85016 | Recordkeeping | $5,854 |
Filed as: CBIZ FINANCIAL SOLUTIONS Service code 27 · EIN 52-1396995 DBA CBIZ RETIREMENT PLAN ADVISOR · CINCINNATI, OH 45264 | Advisory (Plan) | $5,671 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $13,577 | $43,423-68.7% | $78,676-82.7% | $55,167-75.4% |
| Participation rate | 56.4% | 68.0%-11.6pp | 73.6%-17.2pp | 69.0%-12.6pp |
| Annual return | 5.29% | 11.53%-6.2pp | 62.19%-56.9pp | 169.23%-163.9pp |
| Employer contribution / active EE | $185 | $1,997-90.7% | $2,850-93.5% | $1,963-90.6% |
| Participant deferral / active EE | $1,322 | $2,509-47.3% | $3,517-62.4% | $3,054-56.7% |
| Admin fee / account holder | $142 | $416-65.8% | $4,510-96.8% | $504-71.8% |