Filed September 7, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ELLSWORTH ADVISORS LLC4 years Service code 28 · EIN 82-5501752 | Investment Management | $38,000 |
CHARLES SCHWAB & CO., INC.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833 | Recordkeeping | $25,471 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $208,704 | $100,923+106.8% | $150,045+39.1% | $74,304+180.9% |
| Participation rate | 95.2% | 70.1%+25.1pp | 82.3%+12.9pp | 60.3%+34.9pp |
| Annual return | 15.69% | 51.77%-36.1pp | 62.55%-46.9pp | 29.43%-13.7pp |
| Employer contribution / active EE | $3,690 | $3,463+6.6% | $4,693-21.4% | $2,241+64.7% |
| Participant deferral / active EE | $12,854 | $6,709+91.6% | $7,997+60.7% | $3,767+241.2% |
| Admin fee / account holder | $432 | $2,767-84.4% | $13,435-96.8% | $2,969-85.5% |