Filed March 24, 2025
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| Provider | Service type | Compensation |
|---|---|---|
CERITY PARTNERS2 years Service code 17 11601 WILSHIRE BOULEVARD · LOS ANGELES, CA 90025 | Pension Consulting | $136,944 |
Service code 12 · EIN 84-1477138 | Participant loan processing; Sub-tran... | $40,804 |
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 42-1558009 | Custodial (other than securities); Sh... | $14,850 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $83,738 | $73,404+14.1% | $87,104-3.9% | $67,579+23.9% |
| Participation rate | 99.6% | 80.9%+18.8pp | 76.9%+22.8pp | 71.3%+28.4pp |
| Annual return | 21.15% | 48.29%-27.1pp | 28.19%-7.0pp | 378.56%-357.4pp |
| Employer contribution / active EE | $5,639 | $2,014+180.0% | $2,521+123.6% | $2,148+162.5% |
| Participant deferral / active EE | $7,992 | $3,913+104.3% | $4,048+97.4% | $3,539+125.8% |
| Admin fee / account holder | $418 | $142+195.1% | $7,491-94.4% | $142+193.6% |