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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE6+ years Filed as: NATIONWIDE LIFE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $58,292 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,864 | $85,135-64.9% | $98,920-69.8% | $73,412-59.3% |
| Participation rate | 52.6% | 81.1%-28.5pp | 76.0%-23.4pp | 72.2%-19.6pp |
| Annual return | 14.62% | 19.14%-4.5pp | 196.47%-181.9pp | 59.30%-44.7pp |
| Employer contribution / active EE | $1,399 | $2,721-48.6% | $2,689-48.0% | $2,234-37.4% |
| Participant deferral / active EE | $2,599 | $4,349-40.2% | $4,245-38.8% | $3,806-31.7% |
| Admin fee / account holder | $80 | $139-42.2% | $6,643-98.8% | $158-49.0% |