Filed March 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
BOKF, NA5 years Filed as: BOK FINANCIAL ASSET MANAGEMENT Service code 15 · EIN 75-2009441 | Recordkeeping | $17,354 |
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 18 · EIN 82-3967259 | Trustee (directed); Direct payment fr... | $3,657 |
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 | $88,609 | $91,179-2.8% | $178,499-50.4% | $79,852+11.0% |
| Participation rate | 97.1% | 69.2%+27.9pp | 81.9%+15.1pp | 69.6%+27.4pp |
| Annual return | 12.25% | 24.19%-11.9pp | 151.10%-138.9pp | 31.72%-19.5pp |
| Employer contribution / active EE | $6,415 | $3,256+97.0% | $5,011+28.0% | $2,471+159.6% |
| Participant deferral / active EE | $4,642 | $3,236+43.4% | $5,202-10.8% | $3,740+24.1% |
| Admin fee / account holder | $428 | $6,749-93.7% | $13,986-96.9% | $5,306-91.9% |