Filed October 5, 2023
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.8+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $55,378 |
Filed as: MERRILL LYNCH CONSULTING SERVI Service code 28 · EIN 13-5674085 | Investment Management | $49,547 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $231,385 | $54,370+325.6% | $82,763+179.6% | $68,490+237.8% |
| Participation rate | 98.6% | 63.9%+34.7pp | 72.6%+26.0pp | 67.9%+30.7pp |
| Annual return | -16.50% | -13.67%-2.8pp | 702.45%-718.9pp | -7.85%-8.6pp |
| Employer contribution / active EE | $4,440 | $2,219+100.1% | $3,008+47.6% | $2,597+71.0% |
| Participant deferral / active EE | $13,492 | $3,247+315.5% | $4,395+207.0% | $4,028+235.0% |
| Admin fee / account holder | $704 | $4,398-84.0% | $5,325-86.8% | $5,403-87.0% |