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| Provider | Service type | Compensation |
|---|---|---|
NEWELL K1 year Filed as: NEWELL OPERATING COMPANY Service code 11 | Actuarial | $45,197 |
Service code 37 · EIN 04-2647786 | Loan Processing | $19,379 |
Service code 12 · EIN 13-3689044 | Participant communication; Recordkeep... | $9,908 |
CHARLES SCHWAB & CO., INC.5+ years Service code 33 · EIN 94-1737782 | Securities brokerage; Securities brok... | $1 |
NATIONAL FINANCIAL SERVICES5+ years Service code 33 · EIN 04-3523567 | Securities brokerage commissions and ... | $0 |
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.
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 | $148,651 | $65,376+127.4% | $87,104+70.7% | $65,185+128.0% |
| Participation rate | 93.4% | 75.3%+18.1pp | 76.9%+16.5pp | 70.2%+23.2pp |
| Annual return | 15.56% | 31.27%-15.7pp | 28.19%-12.6pp | 29.38%-13.8pp |
| Employer contribution / active EE | $7,872 | $1,822+332.0% | $2,521+212.2% | $2,177+261.7% |
| Participant deferral / active EE | $5,208 | $3,388+53.7% | $4,048+28.6% | $3,514+48.2% |
| Admin fee / account holder | $301 | $520-42.1% | $7,491-96.0% | $847-64.5% |