Filed December 13, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 36-4389114 | Recordkeeping | $26,687 |
Filed as: CHARLES SCHWAB TRUST COMPANY Service code 15 | Recordkeeping | $1,251 |
Filed as: CHARLES SCHWAB Service code 18 · EIN 42-1558009 | Custodial (other than securities) | $582 |
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $277 |
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 19 | Securities Custodian | $6 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $15,146 | $46,732-67.6% | $156,551-90.3% | $55,167-72.5% |
| Participation rate | 45.4% | 65.8%-20.4pp | 84.0%-38.6pp | 69.0%-23.6pp |
| Annual return | 3.25% | 17.72%-14.5pp | 32.23%-29.0pp | 169.23%-166.0pp |
| Employer contribution / active EE | $831 | $2,105-60.5% | $5,501-84.9% | $1,963-57.7% |
| Participant deferral / active EE | $400 | $2,204-81.9% | $4,871-91.8% | $3,054-86.9% |
| Admin fee / account holder | $287 | $418-31.4% | $13,028-97.8% | $504-43.1% |