Filed May 17, 2024
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| Provider | Service type | Compensation |
|---|---|---|
CLAYTON FINANCIAL GROUP, LLC5 years Service code 27 · EIN 47-3829020 | Advisory (Plan) | $35,806 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $30,507 |
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $8,322 |
CHARLES SCHWAB & CO., INC.6 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $133,176 | $78,483+69.7% | $106,201+25.4% | $74,546+78.6% |
| Participation rate | 98.3% | 72.8%+25.5pp | 75.3%+23.1pp | 67.2%+31.1pp |
| Annual return | 10.53% | 15.94%-5.4pp | 116.26%-105.7pp | 1366.03%-1355.5pp |
| Employer contribution / active EE | $5,281 | $2,522+109.4% | $3,170+66.6% | $2,624+101.2% |
| Participant deferral / active EE | $7,279 | $4,320+68.5% | $5,012+45.2% | $4,347+67.4% |
| Admin fee / account holder | $436 | $2,236-80.5% | $11,039-96.0% | $1,944-77.6% |