Filed November 3, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 42315 | Recordkeeping | $74,985 |
COMPENSATION CONSULTANTS, INC.2+ years Service code 50 · EIN 91-0988389 1605 WOODRIDGE DR. S.E. · PORT ORCHARD, WA 98366 | Direct Payment | $9,642 |
Filed as: AMERIPRISE FINANCIAL SERVICES Service code 26 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474 | Advisory (Participants) | $0 |
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.
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 | $72,564 | $85,766-15.4% | $136,298-46.8% | $70,126+3.5% |
| Participation rate | 89.7% | 74.2%+15.6pp | 81.9%+7.8pp | 69.5%+20.2pp |
| Annual return | 10.76% | 31.46%-20.7pp | 5156.27%-5145.5pp | 73.15%-62.4pp |
| Employer contribution / active EE | $4,091 | $2,966+37.9% | $4,696-12.9% | $2,343+74.6% |
| Participant deferral / active EE | $8,378 | $5,051+65.9% | $6,247+34.1% | $3,332+151.4% |
| Admin fee / account holder | $577 | $5,421-89.4% | $9,244-93.8% | $4,645-87.6% |