Filed March 25, 2022
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $326,269 |
BDO USA, LLP4 years Service code 10 · EIN 13-5381590 | Accounting | $23,500 |
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782 | Float revenue; Securities brokerage c... | $288 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $74,467 | $85,144-12.5% | $130,062-42.7% | $80,169-7.1% |
| Participation rate | 96.4% | 79.5%+16.8pp | 78.5%+17.9pp | 72.9%+23.4pp |
| Annual return | 16.19% | 23.78%-7.6pp | -137.37%+153.6pp | 40.39%-24.2pp |
| Employer contribution / active EE | $4,002 | $3,059+30.8% | $4,322-7.4% | $2,978+34.4% |
| Participant deferral / active EE | $6,193 | $4,992+24.1% | $5,821+6.4% | $5,016+23.5% |
| Admin fee / account holder | $206 | $392-47.5% | $10,601-98.1% | $145+41.9% |