Filed October 5, 2023
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.6+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $67,534 |
Filed as: MERRILL LYNCH CONSULTING SERVI Service code 28 · EIN 13-5674085 | Investment Management | $46,192 |
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO INC AND AFFIL Service code 59 | Shareholder Servicing | $0 |
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $259,312 | $60,139+331.2% | $90,461+186.7% | $79,856+224.7% |
| Participation rate | 97.9% | 65.0%+32.9pp | 72.7%+25.2pp | 69.6%+28.3pp |
| Annual return | 15.09% | 71.96%-56.9pp | 1294.76%-1279.7pp | 31.71%-16.6pp |
| Employer contribution / active EE | $3,849 | $2,069+86.0% | $3,264+17.9% | $2,471+55.7% |
| Participant deferral / active EE | $10,506 | $2,939+257.5% | $3,964+165.0% | $3,741+180.9% |
| Admin fee / account holder | $654 | $3,978-83.6% | $5,617-88.4% | $5,306-87.7% |