Filed March 17, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.1+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833 | Recordkeeping | $17,162 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO. Service code 33 · EIN 94-1737782 | Float revenue; Direct payment from th... | $8,320 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59 | Shareholder Servicing | $0 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $0 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $49,381 | $74,498-33.7% | $94,229-47.6% | $59,188-16.6% |
| Participation rate | 59.8% | 76.8%-17.0pp | 78.8%-18.9pp | 69.4%-9.6pp |
| Annual return | -2.79% | 2.76%-5.5pp | 10.68%-13.5pp | 5.51%-8.3pp |
| Employer contribution / active EE | $254 | $2,077-87.8% | $3,587-92.9% | $2,098-87.9% |
| Participant deferral / active EE | $2,092 | $3,433-39.0% | $4,320-51.6% | $3,265-35.9% |
| Admin fee / account holder | $25 | $103-75.4% | $6,269-99.6% | $92-72.6% |