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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE6+ years Service code 13 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Contract Administrator | $11,521 |
HARFST AND ASSOCIATES6+ years Filed as: HARFST & ASSOCIATES, INC Service code 27 · EIN 93-0839718 389 E MAIN ST · ASHLAND, OR 97520 | Advisory (Plan) | $5,780 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $12,133 | $58,895-79.4% | $178,503-93.2% | $73,497-83.5% |
| Participation rate | 60.4% | 66.2%-5.9pp | 81.9%-21.6pp | 70.7%-10.3pp |
| Annual return | 13.18% | 24.86%-11.7pp | 151.12%-137.9pp | 28.51%-15.3pp |
| Employer contribution / active EE | $349 | $2,236-84.4% | $5,011-93.0% | $2,270-84.6% |
| Participant deferral / active EE | $849 | $2,567-66.9% | $5,202-83.7% | $3,740-77.3% |
| Admin fee / account holder | $178 | $400-55.7% | $13,987-98.7% | $513-65.4% |