Filed November 23, 2021
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| Provider | Service type | Compensation |
|---|---|---|
SECURITY NATIONAL BANK7 years Service code 21 · EIN 42-0943319 | Bank Trustee | $41,133 |
THE MCMILLEN COMPANY PC4 years Filed as: MCMILLEN COMPANY, P.C. Service code 10 · EIN 47-0750894 | Accounting | $16,400 |
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $2,149 |
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB & CO INC. Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,414 | $79,209-18.7% | $102,434-37.1% | $74,459-13.5% |
| Participation rate | 61.4% | 74.8%-13.4pp | 76.5%-15.1pp | 67.2%-5.8pp |
| Annual return | 9.93% | 54.98%-45.1pp | 29.46%-19.5pp | 1369.70%-1359.8pp |
| Employer contribution / active EE | $1,273 | $2,362-46.1% | $3,023-57.9% | $2,626-51.5% |
| Participant deferral / active EE | $3,424 | $4,417-22.5% | $5,055-32.3% | $4,350-21.3% |
| Admin fee / account holder | $420 | $2,002-79.0% | $9,462-95.6% | $1,945-78.4% |