| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $241,483 |
CHARLES SCHWAB & CO., INC.5+ years Service code 33 · EIN 94-1737782 | Shareholder servicing fees; Securitie... | $1,172 |
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59 | Shareholder Servicing | $0 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $20,223 | $81,961-75.3% | $141,200-85.7% | $89,609-77.4% |
| Participation rate | 43.6% | 64.9%-21.2pp | 82.5%-38.8pp | 69.6%-26.0pp |
| Annual return | 42.70% | 36.14%+6.6pp | 71.41%-28.7pp | 33.65%+9.0pp |
| Employer contribution / active EE | $629 | $2,268-72.3% | $4,736-86.7% | $2,584-75.7% |
| Participant deferral / active EE | $2,003 | $5,316-62.3% | $6,710-70.2% | $4,222-52.6% |
| Admin fee / account holder | $45 | $68-34.0% | $10,265-99.6% | $72-37.3% |