Filed December 3, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.1+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $5,970 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $2 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $69,514 | $68,413+1.6% | $123,105-43.5% | $55,191+25.9% |
| Participation rate | 50.3% | 84.5%-34.3pp | 86.8%-36.5pp | 69.2%-18.9pp |
| Annual return | -0.24% | 6.30%-6.5pp | 13.22%-13.5pp | 10.78%-11.0pp |
| Employer contribution / active EE | $1,105 | $3,050-63.8% | $5,151-78.6% | $1,899-41.8% |
| Participant deferral / active EE | $1,571 | $4,490-65.0% | $6,229-74.8% | $3,046-48.4% |
| Admin fee / account holder | $18 | $88-79.7% | $9,014-99.8% | $91-80.3% |