Filed March 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
BOKF, NA3 years Filed as: BOK FINANCIAL ASSET MANAGEMENT Service code 15 · EIN 75-2009441 | Recordkeeping | $17,300 |
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009 | Directed Trustee | $4,383 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,845 | $75,962-9.4% | $154,111-55.3% | $64,173+7.3% |
| Participation rate | 90.9% | 70.4%+20.5pp | 83.0%+7.9pp | 69.6%+21.3pp |
| Annual return | -4.05% | 30.32%-34.4pp | 735.18%-739.2pp | 7.63%-11.7pp |
| Employer contribution / active EE | $7,048 | $3,350+110.4% | $5,298+33.0% | $2,381+196.0% |
| Participant deferral / active EE | $4,412 | $3,175+39.0% | $5,081-13.2% | $3,470+27.2% |
| Admin fee / account holder | $41,181 | $5,589+636.8% | $13,411+207.1% | $4,887+742.6% |