Filed December 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.9 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $109,201 |
CHARLES SCHWAB & CO., INC.11+ years Service code 33 · EIN 94-1737782 | Direct payment from the plan; Securit... | $118 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $265,779 | $142,424+86.6% | $100,534+164.4% | $74,304+257.7% |
| Participation rate | 95.8% | 79.6%+16.2pp | 80.6%+15.2pp | 60.3%+35.4pp |
| Annual return | 14.14% | 27.53%-13.4pp | 32.66%-18.5pp | 29.43%-15.3pp |
| Employer contribution / active EE | $13,187 | $5,555+137.4% | $4,346+203.4% | $2,241+488.4% |
| Participant deferral / active EE | $13,996 | $8,247+69.7% | $6,144+127.8% | $3,767+271.5% |
| Admin fee / account holder | $666 | $1,986-66.5% | $7,654-91.3% | $2,969-77.6% |