Filed September 13, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $141,982 |
REDPATH AND COMPANY1 year Filed as: REDPATH AND COMPANY LLC Service code 10 · EIN 92-0370318 | Accounting | $66,375 |
MERCER2 years Filed as: MERCER INVESTMENT MANAGEMENT Service code 28 · EIN 30-0282430 | Investment Management | $28,619 |
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.
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 | $72,646 | $2,703,213-97.3% | $165,100-56.0% | $200,096-63.7% |
| Participation rate | 40.3% | 78.4%-38.2pp | 78.6%-38.4pp | 72.0%-31.7pp |
| Annual return | 16.84% | 17.97%-1.1pp | 70.21%-53.4pp | 34.26%-17.4pp |
| Employer contribution / active EE | $2,324 | $2,973-21.8% | $4,348-46.6% | $3,038-23.5% |
| Participant deferral / active EE | $1,862 | $5,021-62.9% | $6,035-69.2% | $5,090-63.4% |
| Admin fee / account holder | $115 | $1,999-94.3% | $12,696-99.1% | $269-57.4% |