Filed November 17, 2017
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $37,064 |
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.
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 | $30,030 | $52,467-42.8% | $57,196-47.5% | $55,167-45.6% |
| Participation rate | 55.9% | 75.8%-19.9pp | 75.3%-19.4pp | 69.0%-13.1pp |
| Annual return | -1.22% | 7.72%-8.9pp | 14.59%-15.8pp | 169.23%-170.4pp |
| Employer contribution / active EE | $2,025 | $2,477-18.3% | $2,683-24.5% | $1,963+3.2% |
| Participant deferral / active EE | $2,667 | $2,830-5.8% | $3,096-13.9% | $3,054-12.7% |
| Admin fee / account holder | $352 | $269+30.7% | $3,141-88.8% | $504-30.2% |