Filed March 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
BOKF, NA2 years Filed as: BOK FINANCIAL ASSET MANAGEMENT Service code 15 · EIN 75-2009441 | Recordkeeping | $15,057 |
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $4,673 |
CHARLES SCHWAB & CO., INC.3+ years Service code 71 · EIN 94-1737782 | Brokerage Fees | $22 |
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 | $128,287 | $198,457-35.4% | $170,435-24.7% | $147,586-13.1% |
| Participation rate | 95.7% | 88.0%+7.7pp | 83.6%+12.1pp | 82.8%+12.8pp |
| Annual return | 7.69% | 257.30%-249.6pp | 205.94%-198.2pp | 578.59%-570.9pp |
| Employer contribution / active EE | $11,309 | $6,183+82.9% | $5,432+108.2% | $4,876+131.9% |
| Participant deferral / active EE | $6,072 | $5,629+7.9% | $4,939+22.9% | $5,439+11.6% |
| Admin fee / account holder | $9,266 | $16,852-45.0% | $13,881-33.2% | $10,886-14.9% |