Filed April 4, 2016
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 26 · EIN 34-1479833 | Advisory (Participants) | $61,272 |
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782 | Securities brokerage; Securities brok... | $1,256 |
Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $230,603 | $46,732+393.5% | $156,551+47.3% | $55,167+318.0% |
| Participation rate | 98.1% | 65.8%+32.3pp | 84.0%+14.1pp | 69.0%+29.1pp |
| Annual return | 8.02% | 17.72%-9.7pp | 32.23%-24.2pp | 169.23%-161.2pp |
| Employer contribution / active EE | $8,515 | $2,105+304.5% | $5,501+54.8% | $1,963+333.9% |
| Participant deferral / active EE | $5,347 | $2,204+142.6% | $4,871+9.8% | $3,054+75.1% |
| Admin fee / account holder | $328 | $418-21.7% | $13,028-97.5% | $504-35.0% |