Filed February 11, 2022
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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 | $225,692 |
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782 | Float revenue; Securities brokerage c... | $72 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO. AND AFFILIATES Service code 59 | Shareholder Servicing | $0 |
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 | $53,378 | $86,791-38.5% | $115,038-53.6% | $59,188-9.8% |
| Participation rate | 92.1% | 72.8%+19.3pp | 81.4%+10.8pp | 69.4%+22.7pp |
| Annual return | -0.74% | 4.44%-5.2pp | 26.14%-26.9pp | 5.51%-6.2pp |
| Employer contribution / active EE | $438 | $2,950-85.2% | $4,608-90.5% | $2,098-79.1% |
| Participant deferral / active EE | $3,642 | $5,298-31.2% | $6,026-39.6% | $3,265+11.6% |
| Admin fee / account holder | $191 | $95+101.0% | $8,175-97.7% | $92+106.9% |