Filed January 30, 2020 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
FIRST NATIONAL BANK OF OMAHA3+ years Filed as: FIRST NATIONAL BANK OMAHA Service code 19 · EIN 47-0259043 | Securities Custodian | $948,742 |
MILLIMAN, INC.2 years Filed as: MILLIMAN Service code 15 · EIN 91-0675641 | Recordkeeping | $25,661 |
KPMG LLP2 years Service code 10 · EIN 13-5565207 | Accounting | $20,900 |
Filed as: KARSTENS INVESTMENT COUNSEL Service code 27 · EIN 47-0768986 | Advisory (Plan) | $6,324 |
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO. INC. Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
CHARLES SCHWAB & CO., INC.2 years 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 | $128,477 | $48,835+163.1% | $170,435-24.6% | $177,276-27.5% |
| Participation rate | 33.8% | 72.1%-38.2pp | 83.6%-49.7pp | 74.8%-41.0pp |
| Annual return | 18.69% | 19.44%-0.7pp | 205.94%-187.2pp | 21.25%-2.6pp |
| Employer contribution / active EE | $0 | $1,798-100.0% | $5,432-100.0% | $2,479-100.0% |
| Participant deferral / active EE | $4,460 | $2,757+61.7% | $4,939-9.7% | $3,881+14.9% |
| Admin fee / account holder | $391 | $52+652.2% | $13,881-97.2% | $154+153.6% |