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 | $101,591+102.4% | $147,096+39.8% | $74,429+176.3% |
| Participation rate | 97.9% | 75.5%+22.4pp | 82.2%+15.8pp | 67.2%+30.7pp |
| Annual return | 15.16% | 8746.45%-8731.3pp | 419.75%-404.6pp | 1368.38%-1353.2pp |
| Employer contribution / active EE | $7,082 | $3,813+85.8% | $4,936+43.5% | $2,625+169.8% |
| Participant deferral / active EE | $10,982 | $7,302+50.4% | $8,071+36.1% | $4,348+152.6% |
| Admin fee / account holder | $376 | $1,750-78.5% | $13,005-97.1% | $1,944-80.6% |