Filed September 12, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $95,094 |
MMA SECURITIES LLC3 years Service code 27 · EIN 22-3570392 | Advisory (Plan) | $43,000 |
Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782 | Securities brokerage; Direct payment ... | $370 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,074 | $98,727+8.5% | $113,168-5.4% | $85,563+25.1% |
| Participation rate | 47.5% | 80.8%-33.4pp | 76.6%-29.1pp | 66.0%-18.5pp |
| Annual return | 17.36% | 17.43%-0.1pp | 24.27%-6.9pp | 31.51%-14.2pp |
| Employer contribution / active EE | $0 | $2,907-100.0% | $2,975-100.0% | $2,654-100.0% |
| Participant deferral / active EE | $1,965 | $5,424-63.8% | $5,107-61.5% | $4,375-55.1% |
| Admin fee / account holder | $379 | $357+6.1% | $12,068-96.9% | $834-54.6% |