Filed November 3, 2022
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 42315 | Recordkeeping | $78,174 |
COMPENSATION CONSULTANTS, INC.1+ years Service code 50 · EIN 91-0988389 1605 WOODRIDGE DR. S.E. · PORT ORCHARD, WA 98366 | Direct Payment | $4,065 |
Filed as: AMERIPRISE FINANCIAL SERVICES Service code 26 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474 | 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.)
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 | $64,617 | $75,183-14.1% | $123,894-47.8% | $55,167+17.1% |
| Participation rate | 54.5% | 72.8%-18.3pp | 81.4%-26.9pp | 69.0%-14.4pp |
| Annual return | 10.48% | 19.01%-8.5pp | 47.52%-37.0pp | 169.23%-158.8pp |
| Employer contribution / active EE | $2,939 | $2,823+4.1% | $4,617-36.3% | $1,963+49.8% |
| Participant deferral / active EE | $6,075 | $5,084+19.5% | $5,984+1.5% | $3,054+98.9% |
| Admin fee / account holder | $517 | $663-21.9% | $8,357-93.8% | $504+2.6% |