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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.9 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833 | Recordkeeping | $215,871 |
Participant 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,520 | $110,282-59.6% | $102,434-56.5% | $199,960-77.7% |
| Participation rate | 87.0% | 86.3%+0.7pp | 76.5%+10.5pp | 72.0%+15.0pp |
| Annual return | 13.64% | 35.75%-22.1pp | 29.46%-15.8pp | 34.28%-20.6pp |
| Employer contribution / active EE | $3,140 | $3,603-12.9% | $3,023+3.9% | $3,036+3.4% |
| Participant deferral / active EE | $2,917 | $6,376-54.2% | $5,055-42.3% | $5,087-42.7% |
| Admin fee / account holder | $61 | $122-49.9% | $9,462-99.4% | $269-77.2% |