Filed September 13, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $78,765 |
MERCER1 year Filed as: MERCER INVESTMENT MANAGEMENT Service code 28 · EIN 30-0282430 | Investment Management | $39,720 |
MERCER1 year Filed as: MERCER INVESTMENT CONSULTING Service code 28 · EIN 61-0736136 | Investment Management | $11,613 |
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 | $78,697 | $85,144-7.6% | $130,070-39.5% | $80,187-1.9% |
| Participation rate | 33.7% | 79.5%-45.9pp | 78.5%-44.8pp | 72.9%-39.3pp |
| Annual return | 20.89% | 23.78%-2.9pp | -137.40%+158.3pp | 40.40%-19.5pp |
| Employer contribution / active EE | $1,665 | $3,059-45.6% | $4,322-61.5% | $2,980-44.1% |
| Participant deferral / active EE | $1,578 | $4,992-68.4% | $5,821-72.9% | $5,016-68.5% |
| Admin fee / account holder | $83 | $392-78.9% | $10,600-99.2% | $145-42.9% |