Filed July 22, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $115,114 |
GREENLEAF & BURLESON1 year Filed as: BURLESON & CO Service code 28 · EIN 20-1160877 | Investment Management | $82,409 |
PISENTI & BRINKER LLP1 year Filed as: PISENTI AND BRINKER LLP Service code 10 · EIN 94-1585562 | Accounting | $5,040 |
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782 | Float revenue; Securities brokerage c... | $4,198 |
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO., INC. AND AFFI Service code 59 | Shareholder Servicing | $0 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $85,265 | $41,467+105.6% | $67,313+26.7% | $55,725+53.0% |
| Participation rate | 89.8% | 62.5%+27.3pp | 69.1%+20.7pp | 70.9%+19.0pp |
| Annual return | 0.68% | 0.82%-0.1pp | -4.08%+4.8pp | 244.93%-244.2pp |
| Employer contribution / active EE | $7,118 | $1,316+440.7% | $2,566+177.4% | $2,078+242.5% |
| Participant deferral / active EE | $11,032 | $2,399+359.8% | $3,568+209.2% | $3,356+228.8% |
| Admin fee / account holder | $388 | $102+280.2% | $4,507-91.4% | $115+236.9% |