Filed June 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.3+ years Filed as: SHAREBUILDER Service code 27 83 SOUTH KING STREET, SUITE 700 · SEATTLE, WA 98104 | Advisory (Plan) | $30,917 |
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 | $24,906 | $65,592-62.0% | $90,161-72.4% | $69,634-64.2% |
| Participation rate | 57.2% | 77.6%-20.4pp | 76.9%-19.7pp | 70.7%-13.5pp |
| Annual return | 50.65% | 57.10%-6.5pp | 34.89%+15.8pp | 27572.26%-27521.6pp |
| Employer contribution / active EE | $0 | $2,193-100.0% | $3,318-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $5,009 | $5,257-4.7% | $5,287-5.3% | $3,224+55.4% |
| Admin fee / account holder | $66 | $86-23.2% | $5,943-98.9% | $110-40.4% |