| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $325,609 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK Service code 28 · EIN 94-1347393 | Investment Management | $8,195 |
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782 | Float revenue; Securities brokerage c... | $1,212 |
CHARLES SCHWAB & CO., INC.6+ 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.
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.
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 | $27,811 | $97,541-71.5% | $149,751-81.4% | $106,273-73.8% |
| Participation rate | 45.0% | 66.8%-21.8pp | 82.5%-37.4pp | 70.8%-25.8pp |
| Annual return | 31.78% | 24.23%+7.5pp | 276.71%-244.9pp | 21.70%+10.1pp |
| Employer contribution / active EE | $260 | $2,504-89.6% | $4,646-94.4% | $2,722-90.4% |
| Participant deferral / active EE | $2,215 | $6,023-63.2% | $6,843-67.6% | $4,601-51.9% |
| Admin fee / account holder | $59 | $72-17.9% | $9,312-99.4% | $78-24.9% |