Filed December 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB & CO., INC.8 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833 | Recordkeeping | $106,119 |
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782 | Securities brokerage; Direct payment ... | $554 |
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.
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 | $243,878 | $112,932+116.0% | $103,065+136.6% | $74,478+227.5% |
| Participation rate | 94.2% | 80.8%+13.4pp | 80.6%+13.7pp | 67.2%+27.0pp |
| Annual return | 10.44% | 23.24%-12.8pp | 23.95%-13.5pp | 1370.56%-1360.1pp |
| Employer contribution / active EE | $12,472 | $4,881+155.5% | $4,675+166.8% | $2,626+374.9% |
| Participant deferral / active EE | $13,206 | $7,279+81.4% | $6,625+99.3% | $4,350+203.6% |
| Admin fee / account holder | $667 | $1,707-60.9% | $9,349-92.9% | $1,946-65.7% |