Filed November 17, 2017
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $36,533 |
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 | $45,456 | $65,322-30.4% | $70,476-35.5% | $73,493-38.1% |
| Participation rate | 41.8% | 77.0%-35.2pp | 75.1%-33.3pp | 70.7%-28.9pp |
| Annual return | 3.67% | 15.71%-12.0pp | 109.12%-105.4pp | 28.51%-24.8pp |
| Employer contribution / active EE | $1,545 | $2,460-37.2% | $2,738-43.6% | $2,270-32.0% |
| Participant deferral / active EE | $2,093 | $3,375-38.0% | $3,710-43.6% | $3,740-44.0% |
| Admin fee / account holder | $482 | $214+125.0% | $3,847-87.5% | $513-6.1% |