Filed March 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
BOKF, NA1 year Filed as: BOK FINANCIAL ASSET MANAGEMENT Service code 15 · EIN 75-2009441 | Recordkeeping | $10,676 |
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $4,181 |
CHARLES SCHWAB & CO., INC.2+ years Service code 71 · EIN 94-1737782 | Brokerage Fees | $72 |
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $121,736 | $77,638+56.8% | $156,551-22.2% | $62,881+93.6% |
| Participation rate | 100.0% | 71.2%+28.8pp | 84.0%+16.0pp | 69.3%+30.7pp |
| Annual return | -1.81% | 50.33%-52.1pp | 32.23%-34.0pp | 20.14%-22.0pp |
| Employer contribution / active EE | $8,128 | $3,444+136.0% | $5,501+47.7% | $2,281+256.4% |
| Participant deferral / active EE | $5,224 | $3,046+71.5% | $4,871+7.2% | $3,203+63.1% |
| Admin fee / account holder | $814 | $5,561-85.4% | $13,028-93.8% | $4,296-81.0% |