Filed January 30, 2020 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
FIRST NATIONAL BANK OF OMAHA2+ years Filed as: FIRST NATIONAL BANK OMAHA Service code 19 · EIN 47-0259043 | Securities Custodian | $1,150,932 |
KPMG LLP1 year Service code 10 · EIN 13-5565207 | Accounting | $19,650 |
MILLIMAN, INC.1 year Filed as: MILLIMAN Service code 15 · EIN 91-0675641 | Recordkeeping | $13,123 |
Filed as: KARSTENS INVESTMENT COUNSEL Service code 27 · EIN 47-0768986 | Advisory (Plan) | $5,543 |
Filed as: CHARLES SCHWAB & CO. INC. Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
Service code 19 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $98,778 | $43,110+129.1% | $156,551-36.9% | $65,292+51.3% |
| Participation rate | 38.3% | 69.3%-31.1pp | 84.0%-45.7pp | 72.4%-34.2pp |
| Annual return | 16.96% | 11.24%+5.7pp | 32.23%-15.3pp | 11.84%+5.1pp |
| Employer contribution / active EE | $0 | $1,702-100.0% | $5,501-100.0% | $2,302-100.0% |
| Participant deferral / active EE | $3,850 | $2,520+52.8% | $4,871-21.0% | $3,579+7.6% |
| Admin fee / account holder | $414 | $47+777.4% | $13,028-96.8% | $57+622.6% |