Filed August 6, 2024
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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1 year Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping Fees | $13,209 |
PENSIONMARK FINANCIAL GROUP LLC7+ years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $10,058 |
Employer 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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,382 | $53,136-74.8% | $155,509-91.4% | $199,593-93.3% |
| Participation rate | 71.6% | 64.1%+7.5pp | 78.2%-6.6pp | 72.0%-0.4pp |
| Annual return | 14.87% | 41.15%-26.3pp | 64.67%-49.8pp | 34.25%-19.4pp |
| Employer contribution / active EE | $2 | $1,851-99.9% | $4,672-100.0% | $3,034-99.9% |
| Participant deferral / active EE | $1,346 | $3,161-57.4% | $5,626-76.1% | $5,087-73.5% |
| Admin fee / account holder | $85 | $185-54.2% | $15,912-99.5% | $269-68.4% |