Filed October 4, 2022 (most recent of 5 filings on file)
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833 | Recordkeeping | $25,900 |
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782 | Direct payment from the plan; Float r... | $1,912 |
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $1 |
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59 | Shareholder Servicing | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $125,034 | $39,859+213.7% | $78,676+58.9% | $57,658+116.9% |
| Participation rate | 99.3% | 66.1%+33.2pp | 73.6%+25.7pp | 70.2%+29.1pp |
| Annual return | 3.64% | 18.96%-15.3pp | 62.19%-58.5pp | 5.13%-1.5pp |
| Employer contribution / active EE | $2,302 | $1,786+28.9% | $2,850-19.2% | $1,974+16.6% |
| Participant deferral / active EE | $3,011 | $2,248+33.9% | $3,517-14.4% | $3,061-1.6% |
| Admin fee / account holder | $23 | $76-70.1% | $4,510-99.5% | $95-75.9% |