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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $40,242 |
Filed as: ENVESTNET ASSET MANAGEMENT INC Service code 26 · EIN 36-4319587 | Advisory (Participants) | $40,125 |
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782 | Securities brokerage commissions and ... | $4,778 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $136,399 | $91,198+49.6% | $178,503-23.6% | $79,856+70.8% |
| Participation rate | 98.1% | 69.2%+28.9pp | 81.9%+16.2pp | 69.6%+28.5pp |
| Annual return | 6.70% | 24.20%-17.5pp | 151.12%-144.4pp | 31.71%-25.0pp |
| Employer contribution / active EE | $8,353 | $3,257+156.5% | $5,011+66.7% | $2,471+238.0% |
| Participant deferral / active EE | $8,486 | $3,237+162.2% | $5,202+63.1% | $3,741+126.9% |
| Admin fee / account holder | $829 | $6,748-87.7% | $13,987-94.1% | $5,306-84.4% |