Filed November 4, 2016
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB & COMPANY, INC. Service code 33 · EIN 94-1737782 | Securities brokerage; Securities brok... | $315,212 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $91,880 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $427,430 | $82,188+420.1% | $125,401+240.9% | $64,829+559.3% |
| Participation rate | 95.2% | 77.9%+17.3pp | 82.4%+12.9pp | 71.5%+23.8pp |
| Annual return | -15.51% | 3.50%-19.0pp | 572.53%-588.0pp | 32.85%-48.4pp |
| Employer contribution / active EE | $17,030 | $3,617+370.8% | $4,816+253.6% | $2,507+579.3% |
| Participant deferral / active EE | $11,679 | $7,177+62.7% | $7,448+56.8% | $4,312+170.9% |
| Admin fee / account holder | $682 | $163+317.7% | $10,008-93.2% | $188+263.0% |