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 | Float revenue; Securities brokerage; ... | $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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $265,779 | $135,961+95.5% | $96,707+174.8% | $67,986+290.9% |
| Participation rate | 95.8% | 76.3%+19.5pp | 80.4%+15.4pp | 57.2%+38.6pp |
| Annual return | 14.14% | 31.14%-17.0pp | 34.78%-20.6pp | 31.67%-17.5pp |
| Employer contribution / active EE | $13,187 | $5,011+163.2% | $4,191+214.6% | $2,019+553.3% |
| Participant deferral / active EE | $13,996 | $7,360+90.2% | $5,997+133.4% | $3,358+316.8% |
| Admin fee / account holder | $666 | $2,370-71.9% | $7,503-91.1% | $3,203-79.2% |