Filed February 28, 2019
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| Provider | Service type | Compensation |
|---|---|---|
HIGHTOWER ADVISORS LLC3 years Filed as: HIGHTOWER SECURITIES LLC Service code 27 · EIN 36-4454225 | Advisory (Plan) | $40,000 |
NWPS2 years Service code 15 · EIN 91-1526584 | Recordkeeping | $20,589 |
Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $10,559 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $205,620 | $101,672+102.2% | $147,117+39.8% | $74,478+176.1% |
| Participation rate | 97.9% | 75.5%+22.4pp | 82.2%+15.7pp | 67.2%+30.7pp |
| Annual return | 15.16% | 8757.83%-8742.7pp | 420.54%-405.4pp | 1370.56%-1355.4pp |
| Employer contribution / active EE | $7,082 | $3,813+85.7% | $4,932+43.6% | $2,626+169.7% |
| Participant deferral / active EE | $10,982 | $7,305+50.3% | $8,065+36.2% | $4,350+152.4% |
| Admin fee / account holder | $376 | $1,753-78.5% | $12,993-97.1% | $1,946-80.7% |