Filed March 16, 2021 (most recent of 2 filings on file)
Total covered: 16 employees
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE5+ years Service code 54 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Sales Loads | $14,615 |
Filed as: CBIZ FINANCIAL SOLUTIONS, INC. Service code 27 · EIN 52-1396995 DBA CBIZ RETIREMENT PLAN ADVISOR · CINCINNATI, OH 43215 | Advisory (Plan) | $11,497 |
MGKS5+ years Service code 15 · EIN 86-1001235 6530 N 16TH ST · PHOENIX, AZ 85016 | Recordkeeping | $6,950 |
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.
Annual investment return 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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,240 | $51,620-74.4% | $90,281-85.3% | $65,185-79.7% |
| Participation rate | 54.2% | 68.6%-14.5pp | 73.3%-19.1pp | 70.2%-16.0pp |
| Annual return | 14.08% | 24.94%-10.9pp | 78.10%-64.0pp | 29.38%-15.3pp |
| Employer contribution / active EE | $215 | $2,235-90.4% | $2,854-92.5% | $2,177-90.1% |
| Participant deferral / active EE | $1,503 | $2,871-47.6% | $3,885-61.3% | $3,514-57.2% |
| Admin fee / account holder | $138 | $384-64.2% | $5,351-97.4% | $847-83.7% |