Filed November 4, 2016
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.6 years Filed as: CHARLES SCHWAB & COMPANY, INC. Service code 33 · EIN 94-1737782 | Securities brokerage commissions and ... | $278,794 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $89,723 |
RELIANCE TRUST COMPANY7+ years Service code 19 · EIN 58-1428634 | Securities Custodian | $595 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $565,282 | $104,317+441.9% | $159,436+254.6% | $86,799+551.3% |
| Participation rate | 94.9% | 77.7%+17.2pp | 82.8%+12.0pp | 72.3%+22.6pp |
| Annual return | 14.97% | 26.32%-11.4pp | 263.57%-248.6pp | 97.91%-82.9pp |
| Employer contribution / active EE | $18,003 | $3,451+421.7% | $4,829+272.8% | $2,405+648.4% |
| Participant deferral / active EE | $11,628 | $6,837+70.1% | $7,352+58.2% | $4,131+181.5% |
| Admin fee / account holder | $701 | $172+306.8% | $10,799-93.5% | $170+313.2% |