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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE8+ years Filed as: NATIONWIDE LIFE INSURANCE Service code 15 · EIN 31-4156830 | Recordkeeping | $60,680 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,845 | $81,948-67.2% | $90,760-70.4% | $64,819-58.6% |
| Participation rate | 38.1% | 80.5%-42.3pp | 75.7%-37.6pp | 71.5%-33.4pp |
| Annual return | -14.38% | -12.53%-1.8pp | -12.16%-2.2pp | 32.84%-47.2pp |
| Employer contribution / active EE | $1,120 | $3,067-63.5% | $2,922-61.7% | $2,507-55.3% |
| Participant deferral / active EE | $1,970 | $4,844-59.3% | $4,565-56.9% | $4,311-54.3% |
| Admin fee / account holder | $179 | $157+14.2% | $8,444-97.9% | $188-4.5% |