Filed June 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE3+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COKUMBUS, OH 43215 | Recordkeeping | $11,615 |
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES FIN SERV ADVISORS Service code 27 · EIN 59-2937883 880 CARILLON PKWY · SAINT PETERSBURG, FL 33716 | Advisory (Plan) | $8,990 |
NEXUS ADMINISTRATORS, INC.3+ years Service code 13 · EIN 77-0586222 7525 NORTH CEDAR AVENUE SUITE 109 · FRESNO, CA 93720 | Contract Administrator | $1,776 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,410 | $51,223-69.9% | $82,763-81.4% | $66,949-77.0% |
| Participation rate | 63.3% | 67.9%-4.6pp | 72.6%-9.3pp | 69.8%-6.6pp |
| Annual return | -16.55% | -9.85%-6.7pp | 702.45%-719.0pp | 1.57%-18.1pp |
| Employer contribution / active EE | $128 | $2,611-95.1% | $3,008-95.7% | $2,545-95.0% |
| Participant deferral / active EE | $1,828 | $3,460-47.2% | $4,395-58.4% | $4,239-56.9% |
| Admin fee / account holder | $131 | $415-68.5% | $5,325-97.5% | $594-77.9% |