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| Provider | Service type | Compensation |
|---|---|---|
CHERNOFF DIAMOND & CO., LLC2+ years Service code 11 · EIN 11-2836994 | Actuarial | $15,676 |
Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $6,573 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,853 | $51,244+14.8% | $80,977-27.3% | $55,167+6.7% |
| Participation rate | 48.6% | 71.7%-23.1pp | 75.8%-27.2pp | 69.0%-20.4pp |
| Annual return | 6.95% | 17.39%-10.4pp | 17.11%-10.2pp | 169.23%-162.3pp |
| Employer contribution / active EE | $286 | $1,770-83.8% | $3,715-92.3% | $1,963-85.4% |
| Participant deferral / active EE | $4,590 | $4,418+3.9% | $5,696-19.4% | $3,054+50.3% |
| Admin fee / account holder | $18 | $398-95.6% | $5,517-99.7% | $504-96.5% |