Filed June 9, 2022
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.10+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833 | Recordkeeping | $288,288 |
Filed as: CHARLES SCHWAB & CO, INC Service code 33 · EIN 94-1737782 | Shareholder servicing fees; Securitie... | $1,141 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $195,636 | $122,128+60.2% | $147,080+33.0% | $199,960-2.2% |
| Participation rate | 75.1% | 78.2%-3.0pp | 82.2%-7.0pp | 72.0%+3.2pp |
| Annual return | 16.62% | 30.58%-14.0pp | 420.17%-403.5pp | 34.28%-17.7pp |
| Employer contribution / active EE | $1 | $4,093-100.0% | $4,933-100.0% | $3,036-100.0% |
| Participant deferral / active EE | $15,470 | $8,484+82.4% | $8,066+91.8% | $5,087+204.1% |
| Admin fee / account holder | $89 | $180-50.4% | $12,989-99.3% | $269-66.9% |