Filed December 23, 2024
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.1+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $38,905 |
COMMONWEALTH FINANCIAL NETWORK1+ years Filed as: COMMONWEALTH EQUITY SERVICES Service code 28 · EIN 04-2675571 | Investment Management | $37,843 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,917 | $50,919+31.4% | $155,556-57.0% | $77,762-13.9% |
| Participation rate | 79.2% | 63.1%+16.1pp | 78.2%+0.9pp | 70.6%+8.6pp |
| Annual return | 158.94% | 34.84%+124.1pp | 64.84%+94.1pp | 31.27%+127.7pp |
| Employer contribution / active EE | $6,263 | $1,991+214.5% | $4,675+34.0% | $2,728+129.6% |
| Participant deferral / active EE | $4,352 | $2,824+54.1% | $5,631-22.7% | $4,651-6.4% |
| Admin fee / account holder | $126 | $437-71.1% | $15,885-99.2% | $433-70.9% |