Filed April 4, 2016
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.4+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 26 · EIN 34-1479833 | Advisory (Participants) | $70,308 |
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782 | Securities brokerage commissions and ... | $1,281 |
CHARLES SCHWAB & CO., INC.3 years 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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $239,843 | $47,977+399.9% | $154,108+55.6% | $56,289+326.1% |
| Participation rate | 96.3% | 66.2%+30.1pp | 83.0%+13.2pp | 69.9%+26.4pp |
| Annual return | -7.08% | 3.54%-10.6pp | 735.21%-742.3pp | -9.96%+2.9pp |
| Employer contribution / active EE | $10,280 | $2,169+374.0% | $5,298+94.1% | $2,111+386.9% |
| Participant deferral / active EE | $5,929 | $2,392+147.9% | $5,081+16.7% | $3,350+77.0% |
| Admin fee / account holder | $349 | $438-20.5% | $13,411-97.4% | $521-33.1% |