Filed June 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.2+ years Filed as: SHAREBUILDER Service code 27 83 SOUTH KING STREET, SUITE 700 · SEATTLE, WA 98104 | Advisory (Plan) | $19,868 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $25,116 | $56,640-55.7% | $80,977-69.0% | $57,661-56.4% |
| Participation rate | 46.1% | 75.9%-29.8pp | 75.8%-29.7pp | 70.2%-24.1pp |
| Annual return | 30.10% | 19.97%+10.1pp | 17.11%+13.0pp | 5.13%+25.0pp |
| Employer contribution / active EE | $0 | $2,085-100.0% | $3,715-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $3,756 | $4,944-24.0% | $5,696-34.1% | $3,061+22.7% |
| Admin fee / account holder | $90 | $87+3.7% | $5,517-98.4% | $95-4.5% |