Filed February 22, 2018
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $44,762 |
UBS FINANCIAL SERVICES INC2+ years Service code 26 1000 HARBOR BLVD · WEEHAUKEN, NJ 07087 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $37,253 | $80,177-53.5% | $123,892-69.9% | $57,658-35.4% |
| Participation rate | 38.9% | 74.4%-35.5pp | 81.4%-42.5pp | 70.2%-31.3pp |
| Annual return | 4.12% | 17.90%-13.8pp | 47.52%-43.4pp | 5.13%-1.0pp |
| Employer contribution / active EE | $645 | $2,913-77.9% | $4,617-86.0% | $1,974-67.3% |
| Participant deferral / active EE | $3,141 | $5,130-38.8% | $5,984-47.5% | $3,061+2.6% |
| Admin fee / account holder | $304 | $106+185.9% | $8,357-96.4% | $95+221.5% |